Conduit Technology Sues Tether Over $2.76M USDT Freeze
- Conduit Technology alleges that Tether froze $2.76 million in USDt without justification on September 24, 2025.
- The funds were held as part of Conduit’s digital treasury wallet since May 2025.
- Tether’s action reportedly links to a Brazilian federal police investigation into Bull Intermediação de Negócios and Onix.
- Conduit claims the freeze has materially impacted its business operations.
- This lawsuit follows another case where two Thai nationals sued Tether for freezing $42.4 million in USDt due to a U.S. investigation.
The lawsuit highlights ongoing tensions between cryptocurrency businesses and stablecoin issuers regarding fund accessibility, especially amid legal investigations. Conduit asserts that Tether’s decision to freeze its funds lacks legal grounds and has severely affected its operations.
Conduit Technology is seeking access to the frozen $2.76 million in USDt, arguing that these funds are rightfully theirs and should not be withheld by Tether under any circumstances.(Source)
