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Conduit sues Tether over alleged $2.76 million USDT freeze

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Published 2026-10-06 17:54 UTCUpdated 2026-10-07 04:41 UTC

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Evidence trail (top sources)

top sources (4 domains)

4 top sources shown

Crypto.News report

crypto.news · crypto.news · 2026-10-07 04:41 UTC

Cointelegraph report

cointelegraph.com · cointelegraph.com · 2026-10-06 21:00 UTC

Tether Hit With Lawsuit Over $2.76 Million Stablecoin Freeze

Decrypt · decrypt.co · 2026-10-06 19:46 UTC

The Block report

theblock.co · theblock.co · 2026-10-06 17:54 UTC

View all evidence

Overview

Conduit has sued Tether over the alleged freezing of $2.76 million in USDT held in a Conduit wallet. The dispute is linked in the reports to a Brazilian investigation launched in 2024, with Conduit seeking access to the funds and damages.

Entities

TetherConduitUSDT

Why now

Multiple reports describe Conduit’s lawsuit over the alleged USDT freeze.
The dispute has moved into legal proceedings.

Why it matters

The case concerns access to a multimillion-dollar USDT balance and Tether’s authority to freeze funds.
It raises legal questions around stablecoin freezes linked to investigations.

Evidence assessment

Recurring claims

Conduit sued Tether over the alleged freezing of $2.76 million in USDT.
The reported freeze involved a Conduit wallet connected to an investigation launched by Brazilian authorities in 2024.
Conduit is seeking access to the funds and damages, while alleging that Tether had no legal entitlement to retain them.

How sources frame it