Tether Is Facing Lawsuit Over Alleged $2,760,000 USDT Freeze Without Justification
A cross-border payments firm has sued Tether, claiming the stablecoin operator froze $2.76 million in USDT from its treasury wallet in September 2025 without cause and refused to release the funds despite Brazilian police confirming no investigation targeted the wallet.
Our Summary:Tether is facing a lawsuit alleging the company seized $2.76 million in USDT from Conduit's digital wallet without justification or notice. Conduit claims Tether's freeze is unjustified and profits from interest on the reserves while denying access for over a year. The lawsuit seeks recovery of the funds and holds Tether accountable for the harm caused.