Back to all news
Policy

Conduit sues Tether over allegedly freezing $2.8M without explanation

Cointelegraph·October 6, 2026·1 min read
Conduit sues Tether over allegedly freezing $2.8M without explanation

Conduit sued Tether, alleging the stablecoin issuer froze $2.8 million in USDt funds without explanation. The frozen assets sat in a Conduit wallet tied to an investigation launched by Brazilian authorities in 2024. Conduit claims Tether provided no reason for the freeze, escalating tensions between the two crypto firms.

Read at Cointelegraph
Daily crypto arcade

Read the news, then play it.

Chainshorts turns crypto headlines into a daily game. Catch up in 60 words, then jump into daily lucky draws for a shot at the pot.

Open ChainshortsGet it on the Solana dApp Store