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Conduit Sues Tether Over $2.76 Million Frozen USDT Funds
Binance News ·
Binance News reports: Cross-border payments company Conduit has filed a lawsuit in the U.S. District Court for the Southern District of New York, accusing stablecoin issuer Tether of freezing $2.76 million in funds and refusing to release them or explain the action. According to ChainCatcher, Conduit said its USDT has been locked for more than a year. The complaint says Conduit owes Tether no money and has no obligations to Tether. Conduit said the frozen wallet was used as its operating…