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A payments company is suing Tether after it froze 2.76 million dollars of their USDT for over a year.
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Conduit Technology filed the lawsuit on October 5, 2026, in federal court in New York.
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Tether froze the funds through its own T3 Financial Crime Unit, not a police order, Conduit says.
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Brazilian police reportedly confirmed they never flagged Conduit's wallet for freezing.
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Tether froze about 4.2 billion dollars in USDT over three years, per its own figures.
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This is the second major lawsuit this year accusing Tether of freezing funds without legal authority.
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A similar Thai case involves 42.4 million dollars frozen on an informal law enforcement request.
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If you hold USDT, your balance can be frozen even if you never did anything wrong yourself.