Policy
Conduit sues Tether over $2.76 million freeze, says it has ‘no legal entitlement’ to funds
The Block·October 6, 2026·1 min read
Conduit is suing Tether in NY federal court, alleging the USDT issuer froze $2.76 million of its funds for over a year without explanation. The lawsuit claims Tether has 'no legal entitlement' to the funds. This legal action highlights ongoing tensions between stablecoin issuers and their business partners.
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