Conduit sues Tether over $2.76M in frozen USDT
- —Complaint filed October 5, 2026, in the Southern District of New York
- —Conduit lost access to $2.76 million in USDT on September 24, 2025
- —Freeze attributed to Tether's T3 Financial Crime Unit
- —Conduit seeks unfreezing and at least $2.76 million in damages
Why it matters: The case tests an issuer's power to freeze stablecoin holdings and highlights counterparty risk for USDT holders.
Source: Crypto Briefing
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