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.