Tether says it had ‘limited’ exposure to bank linked to $84M US seizure
Summary
Tether said it had only limited exposure to a bank tied to a U.S. Justice Department civil forfeiture case. The company confirmed it was a customer of EQIBank, but the funds held there were just 0.034% of its total assets. Tether also said it had “no knowledge” of the alleged conduct involving Montana-based payments firm Capstone. U.S. prosecutors reportedly froze about $84 million in Capstone accounts after alleging the unlicensed business moved money for “hundreds of individuals and entities,” including on behalf of Tether and Bitfinex. The company did not say how the seizure might affect customers. USDT’s market capitalization was about $184 billion.
