Tether Hit With Lawsuit Over $2.76 Million Stablecoin Freeze

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.
Key Takeaways
- 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.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from Decrypt. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
China Could Trigger the Next Bitcoin Supercycle: What's Stopping It?
A former UBS banker says China could spark a Bitcoin supercycle. See what Beijing must fix first and Hong Kong's role. The post China Could Trigger the Next Bitcoin Supercycle: What's Stopping It? appeared first on BeInCrypto.

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.

Winklevoss-backed Zcash ETF files with SEC for Nasdaq listing
The proposed fund would hold ZEC directly, with Gemini Trust serving as custodian and Winklevoss Capital affiliates eyeing up to a $100 million investment.