Conduit Sues Tether Over a $2.76M USDT Wallet Frozen for a Year

Conduit Technology 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. Conduit says Brazilian police never asked Tether to freeze its treasury wallet, and Tether's financial crime unit selected the address using criteria.