Tether Faces Lawsuit From Conduit Over $2.76 Million in Frozen USDT

Cross-border payments firm Conduit Technology has sued Tether over $2.76 million (roughly Rs. 267 crore) in USDT frozen since September 2025. Conduit claims the wallet held its working capital and was not linked to the Brazilian investigation that prompted Tether’s action. The company is seeking access to the funds and at least $2.76 million in damages.