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Conduit sues Tether over $2.76 million in frozen USDT

Cross-border payments firm Conduit filed a federal lawsuit against Tether on October 5, 2026, in the US District Court for the Southern District of New York.

  • Tether froze $2.76 million of Conduit's USDT in September 2025 without prior notice.
  • Conduit claims it was not the target of the investigation tied to the frozen funds.
  • Conduit seeks at least $2.76 million in compensatory damages and additional relief.
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