$USDT drama heating up 🔥
Tether just got hit with a lawsuit after freezing $2.76M for over a year. Here's the mess:
Conduit (cross-border payments firm) claims Tether froze their treasury wallet in Sept 2025 citing a "Brazilian investigation"
Plot twist: Brazilian police said they NEVER requested the freeze and have no idea why Tether did it
Before the freeze? That wallet moved $1.1B in just 4 months
This raises serious questions about Tether's freeze authority and how they decide who gets blacklisted. If cops didn't ask for it, who did? And why?
Stablecoin centralization risk isn't theoretical anymore. Your funds can vanish without real due process.
Watch how this plays out. Could set precedent for how centralized stables operate going forward.
Tether just got hit with a lawsuit after freezing $2.76M for over a year. Here's the mess:
Conduit (cross-border payments firm) claims Tether froze their treasury wallet in Sept 2025 citing a "Brazilian investigation"
Plot twist: Brazilian police said they NEVER requested the freeze and have no idea why Tether did it
Before the freeze? That wallet moved $1.1B in just 4 months
This raises serious questions about Tether's freeze authority and how they decide who gets blacklisted. If cops didn't ask for it, who did? And why?
Stablecoin centralization risk isn't theoretical anymore. Your funds can vanish without real due process.
Watch how this plays out. Could set precedent for how centralized stables operate going forward.
