WorldPingConduit Technology has sued Tether after the stablecoin issuer froze $2.76 million in the company’s USDT and allegedly kept it locked for more than a year.
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Conduit sues Tether over $2.76 million freeze, says it has ‘no legal entitlement’ to funds
Tether Hit With Lawsuit Over $2.76 Million Stablecoin Freeze
Conduit sues Tether over allegedly freezing $2.8M without explanation
Conduit Sues Tether Over a $2.76M USDT Wallet Frozen for a Year
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WorldPingThe lawsuit alleged that Tether froze USDt funds in a Conduit wallet tied to an investigation launched by Brazilian authorities in 2024.
Brief by WorldPing · Original reporting by Cointelegraph
WorldPingConduit is suing Tether in NY federal court, alleging the USDT issuer froze $2.76 million of its funds for over a year without explanation.
Brief by WorldPing · Original reporting by The Block
WorldPingThe payments firm alleges Tether froze its treasury wallet on its own initiative over a Brazilian investigation it has no connection to—and has profited from the reserves while refusing to release the funds for more than a year.
Brief by WorldPing · Original reporting by Decrypt
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