Payments firm Conduit has filed a lawsuit against Tether seeking access to approximately $2.76 million in frozen USDT and at least an equal amount in damages. The company alleges the freeze disrupted client settlements by restricting access to critical operational liquidity. Conduit asserts that the affected wallet contained working capital rather than customer funds, distinguishing it from typical asset freezes involving user deposits. The litigation centers on the financial impact caused by Tether's restriction of the account used for business operations.