- Country: Malta
Conduit sues Tether over allegedly freezing $2.8M without explanation
The lawsuit alleged that Tether froze USDt funds in a Conduit wallet tied to an investigation launched by Brazilian authorities in 2024.
The lawsuit alleged that Tether froze USDt funds in a Conduit wallet tied to an investigation launched by Brazilian authorities in 2024.
The payments firm alleges Tether froze its treasury wallet on its own initiative over a Brazilian investigation it has no connection to—and has profited from the reserves while refusing to release the funds for more than a year.
Conduit is suing Tether in NY federal court, alleging the USDT issuer froze $2.76 million of its funds for over a year without explanation.
Its longer-term proposal would require Commission equivalence and EBA issuer recognition before distribution through a locally licensed institution. The post Circle and Tether find common ground against MiCA’s bank reserve rules appeared first on CryptoSlate .
El inversor británico-tailandés tiene un 12% del emisor de criptomonedas y ha hecho fortuna con ethereum. Controla empresas de hidrocarburos, bienestar y defensa y es el principal donante político de Reino Unido. Leer
Mientras la mayoría de las plataformas excluyó la ‘stablecoin’ el año pasado por no cumplir con el reglamento, otras la mantuvieron con el visto bueno de algunos reguladores