The lawsuit alleged that Tether froze $2.76 million worth of the USDt stablecoin belonging to Conduit with “no justification” as part of a investigation by Brazilian authorities.
- Cross-border payments platform Conduit Technology is suing Tether, alleging the stablecoin issuer froze $2.76 million in USDt without justification.
- Conduit claims the freezing was linked to a Brazilian investigation and that Tether acted on its own initiative, impacting Conduit's business.
- This lawsuit follows a similar case where Tether froze funds at the request of US Homeland Security Investigations, highlighting ongoing regulatory scrutiny and legal challenges for stablecoin issuers.
Topics: Asset types, Legal regulatory, Compliance, Stablecoins digital cash, Enforcement actions litigation, Aml antimoneylaundering
Tags: #tether #usdt #conduit #stablecoin #frozenfunds #lawsuit #brazilianauthorities #digitaltreasury #compliance #aml
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