Conduit claims the funds have remained locked for more than a year despite Brazilian authorities confirming the wallet was not on their list of targets. The company asserts the wallet did not even exist when the flagged parties last used its platform, stating that Tether has no legal claim to the assets.
Wednesday, October 21, 2026
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Conduit Sues Tether Over Frozen $2.76M in USDT
Crypto14 days ago
Conduit Technology is seeking the release of assets after its treasury wallet was locked by the T3 Financial Crime Unit at Tether. In a legal complaint filed in the Southern District of New York, the payments firm alleges that $2.76 million in USDT was frozen on the stablecoin issuer's own initiative during a Brazilian Federal Police investigation into unrelated third parties.
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