Tether getting sued for $2.76M after freezing funds for over a year
Conduit (payment processor) claims $USDT got locked without proper Brazilian court order. They want their money back PLUS another $2.76M in damages.
This is the risk everyone ignores with stablecoins - centralized freeze functions. Your funds can disappear overnight if you're on the wrong list.
Reminder: "Decentralized" until Tether decides it's not. If you're running serious operations, diversify your stablecoin exposure. $USDC $DAI
Conduit (payment processor) claims $USDT got locked without proper Brazilian court order. They want their money back PLUS another $2.76M in damages.
This is the risk everyone ignores with stablecoins - centralized freeze functions. Your funds can disappear overnight if you're on the wrong list.
Reminder: "Decentralized" until Tether decides it's not. If you're running serious operations, diversify your stablecoin exposure. $USDC $DAI