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Conduit sues over Tether’s $2.76M stablecoin freeze in federal court

The Cryptonomist·October 7, 2026·1 min read
Conduit sues over Tether’s $2.76M stablecoin freeze in federal court

Conduit, a cross-border payments platform, sued Tether in federal court over a stablecoin freeze locking $2.76 million since September 24, 2025. The company says the freeze was never properly explained. The lawsuit, filed this week, seeks to recover the funds and challenges Tether's freeze practices.

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