Conduit Sues Tether Over $2.76M USDT Freeze; Cardano Publishes Freeze-Enabled Token Standard
Bitcoin Insider reports Conduit sued Tether over a $2.76M USDT freeze while Cardano Foundation published CIP-0113 standard embedding freeze powers for issuers.
Why it matters
The Conduit lawsuit tests whether stablecoin issuers' freeze powers can be challenged in court, while CIP-0113 bakes freeze functionality into a protocol standard for compliance-focused tokens. Both developments clarify where freeze authority sits in the stack but remain early and untested.
Key facts
Conduit filed a lawsuit against Tether alleging improper freeze of $2.76 million worth of USDT
2,760,000 USDReported by Bitcoin Insider
The lawsuit seeks damages tied to the frozen funds
2,760,000 USDReported by Bitcoin Insider
Cardano Foundation published CIP-0113 token standard granting issuers freeze, seize, and restrict capabilities
Reported by Bitcoin Insider
CIP-0113 was reported by CoinDesk, CryptoBriefing, and crypto.news
Reported by Bitcoin Insider
A third development involving a licensing rejection is mentioned but not detailed
Reported by Bitcoin Insider
What happened
Bitcoin Insider reports three developments this week concerning authority to freeze crypto assets. Payments firm Conduit has filed a lawsuit against Tether, alleging the stablecoin issuer improperly froze $2.76 million worth of USDT and seeking damages. The filing moves the dispute into court where a judge will decide whether the freeze was lawful. Separately, the Cardano Foundation published CIP-0113, a token standard that explicitly grants issuers the ability to freeze, seize, and restrict assets. The standard was covered by CoinDesk, CryptoBriefing, and crypto.news. A third development involving a licensing rejection is mentioned but not detailed in the report. All claims come from a single aggregator source citing other outlets.
How the story developed
- First report
First report by Bitcoin Insider
Three Primary Records This Week All Concern Who Gets to Freeze Crypto Funds
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Bitcoin Insider Aggregator | Three Primary Records This Week All Concern Who Gets to Freeze Crypto Funds | Original |
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