Follow UsTether Hit With Lawsuit Over $2.76 Million Stablecoin Freeze
Bearish-0.11%
6 Oct, 19:46
Source: Decrypt
AI Summary
A payments firm has filed a lawsuit against Tether alleging it froze a $2.76 million treasury wallet without cause and withheld funds for over a year amid an unrelated Brazilian investigation.
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.