Tether · Cointelegraph
Tether confirms it had ‘limited’ exposure to bank linked to $84 million US seizure
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US prosecutors alleged that a payments business illegally transferred hundreds of millions of dollars at the direction of EQIBank, where Tether holds some assets.
Key facts
- US prosecutors reportedly froze about $84 million in Capstone’s accounts as part of the complaint
- US prosecutors alleged that a payments business illegally transferred hundreds of millions of dollars at the direction of EQIBank, where Tether holds some assets
- A Tether spokesperson did not respond to a question about how the seizure could affect its customers
Summary
Stablecoin issuer Tether said that it had limited exposure through assets held at a bank that reportedly directed a payments company to allegedly move hundreds of millions of dollars on its behalf. In response to reports linking Tether and Bitfinex to a Montana-based payments business named in a civil forfeiture complaint filed by the Department of Justice, a company spokesperson told Cointelegraph that it had “no knowledge” of any of the alleged conduct. US prosecutors reportedly froze about $84 million in Capstone’s accounts as part of the complaint. A Tether spokesperson did not respond to a question about how the seizure could affect its customers.