Conduit Technology has filed a lawsuit against Tether after its $2.76 million USDT treasury wallet was frozen in September 2025 without warning. The freeze, linked to a Brazilian Federal Police investigation, allegedly occurred without any compliance issues involving Conduit. The company seeks a court order to unfreeze the funds, a declaration that Tether lacked authority, and damages. The case highlights risks for stablecoin holders when issuers can freeze assets unilaterally, with Tether yet to respond publicly.
The lawsuit involving Conduit and Tether over frozen USDT funds provides context for cryptocurrency market conditions. For readers following crypto markets, here is Pluang's snapshot as of Oct 07, 2026 00:03 WIB: Among 50 major cryptocurrencies priced on Pluang, 24 rose and 25 fell today. Notable price changes include SXP (Solar) down 46.27% to Rp37 with a typical hold time of 94 days, BAL (Balancer) up 11.14% to Rp16.297 with 85 days typical hold time, and EOS (EOS.IO) up 8.13% to Rp12.649 with 87 days typical hold time.
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