Daily Market Updates: Conduit sues Tether after USDT freeze of $2.76 million funds

S&P 5007,773.95▲0.7% Nasdaq27,477.31▲1.1% Dow51,267.90▲0.2% Russell 2K2,847.14▲0.5% 10-Yr5.31%+3bp VIX15.52+0.21 WTI$89.70▼1.6% Gold$4,150.40▼0.3% EUR/USD1.122▼0.3% BTC$85,454▼0.4% Nikkei70,082▲0.2%

At close · Tue, Oct 6, 2026

Crypto

Home›Crypto›Regulation›Conduit sues Tether after USDT freeze of $2.76 million…

Conduit sues Tether after USDT freeze of $2.76 million funds

Conduit alleges the Tether issuer froze $2.76 million for more than a year without explanation.

Reported · Written up by our desk · Regulation

Conduit has filed a lawsuit against Tether in New York federal court, accusing the USDT issuer of freezing its funds.

The complaint says Tether froze $2.76 million for more than a year without explanation.

According to The Block, Conduit alleges it has no legal entitlement to the frozen funds, describing the freeze as unjustified.

← Newer storyMary Daly says more Fed hikes may be needed if shocks persist Older story →Anchorage Digital buys Routable to expand corporate payment rails

More like this

CryptoWinklevoss twins file for a spot Zcash ETF on Nasdaq

CryptoFinCEN withdraws proposed reporting rule for crypto mixing

CryptoDOJ seeks to block Tornado Cash defendant’s venue challenge

CryptoECB policymaker says digital euro must avoid displacing banks

CryptoRain applies for a US trust bank charter to issue stablecoins

Sources

The BlockConduit sues Tether over $2.76 million freeze, says it has ‘no legal entitlement’ to funds

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.