Policy
Payments Firm Says Tether Froze $2.76 Million Brazilian Police Didn’t Flag, Forcing Layoffs
Unchained·October 6, 2026·1 min read
Payments firm Conduit sued Tether in New York, claiming Tether's financial-crime unit froze $2.76 million in its treasury wallet tied to a Brazilian probe that never targeted Conduit. The funds have been locked since September 2025, forcing Conduit to lay off staff. Tether has not yet responded to the allegations.
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