Conduit sues Tether over $2.76 million freeze, says it has ‘no legal entitlement’ to funds

Crypto Insight Summary: Conduit is suing Tether in NY federal court, alleging the USDT issuer froze $2.76 million of its funds for over a year without explanation. Crypto Insight Analysis: Direction: Bearish USDT Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Legal dispute raises concerns about USDT's transparency and reliability.