Conduit Sues Tether Over Year-Long Freeze of $2.76 Million in USDT
Conduit sues Tether over $2.76M USDT freeze Conduit Technology has sued Tether, alleging the issuer froze $2.76 million in its treasury wallet on Sept. 24, 2025 without a request from Brazilian police and kept the funds locked for more than a year. The complaint says Tether’s T3 Financial Crime Unit selected the address using its own undisclosed criteria, and Conduit is seeking to unfreeze the wallet, recover at least $2.76 million in damages, and force Tether to hand over any reserve income tied to the frozen USDT.