CryptoDecryptabout 1 hour ago
Conduit Sues Tether Over Frozen Funds
2 min read
Cross-border payments firm Conduit sued stablecoin issuer Tether in New York federal court on Monday, alleging the company froze $2.76 million in its treasury wallet on Sept. 24, 2025. Conduit claims the freeze forced layoffs and office closures while Tether earned interest on the reserves. The lawsuit adds to scrutiny of Tether's power to freeze USDT at will.
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