Crypto Briefing • October 6th 2026, 4:58 PM
Conduit sues Tether over $2.76 million in frozen USDT
Key Summary
Cross-border payments platform Conduit Technology, Inc. has filed a lawsuit against Tether, alleging the stablecoin issuer froze approximately $2.76 million of its USDT without warning or explanation. The company claims the freeze was unauthorized and not related to any compliance issue with Conduit itself.
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The lawsuit highlights potential counterparty risks in stablecoin transactions, raising concerns about asset control and legal recourse.
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