Conduit just sued Tether for freezing $2.6M $USDT without explanation. No response from Tether yet.
This is the 2nd lawsuit against Tether this month. Earlier, 2 Thai individuals filed a case over $40M in frozen funds.
Big question: Should stablecoin issuers have the power to freeze assets without a court order?
Centralized stablecoins = centralized risk. If you're holding serious size in $USDT, you're exposed to unilateral freeze risk with zero legal recourse in real-time.
This isn't FUD, it's structural reality.
This is the 2nd lawsuit against Tether this month. Earlier, 2 Thai individuals filed a case over $40M in frozen funds.
Big question: Should stablecoin issuers have the power to freeze assets without a court order?
Centralized stablecoins = centralized risk. If you're holding serious size in $USDT, you're exposed to unilateral freeze risk with zero legal recourse in real-time.
This isn't FUD, it's structural reality.
