Conduit sues Tether over allegedly freezing $2.8M without explanation

Crypto Insight Summary: The lawsuit alleged that Tether froze USDt funds in a Conduit wallet tied to an investigation launched by Brazilian authorities in 2024. Crypto Insight Analysis: Direction: Bearish USDT Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Legal issues may cause temporary USDT devaluation and market uncertainty.