According to Cointelegraph, Conduit has filed a lawsuit against Tether alleging that Tether froze approximately $2.8 million worth of USDT in a wallet associated with an investigation initiated by Brazilian authorities in 2024. The freeze occurred in the Conduit wallet linked to the matter, and Conduit says no explanation was provided for the action.
The wallet referenced is tied to an ongoing investigation launched by Brazilian officials in 2024. Conduit asserts that Tether restricted access to the funds without communicating reasons or offering clarification regarding the nature of the restriction. The company seeks details on why the freeze was implemented and under what authority Tether acted.
No further details about the timing of the freeze beyond its association with the 2024 investigation are included in the report. Conduit did not specify how long the funds remained inaccessible or whether partial access was later granted. The lawsuit does not mention counterclaims, settlement negotiations, or legal jurisdiction.
