EQIBank is currently fighting to recover approximately $90 million seized from a US payment provider it used to access the American banking system. Tether disclosed that the funds it has stuck at the bank are limited, representing less than 0.034% of its total assets.
Tuesday, October 20, 2026
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US Seizes $90 Million and Threatens Tether Bank Partner With Liquidation
Crypto26 days ago
Capstone, a payments firm used by Tether and Bitfinex to move funds, had roughly $84 million frozen by US authorities in accounts at Wells Fargo and JPMorgan. The Department of Justice accuses the group of transferring hundreds of millions of dollars through EQIBank, a move that has left the offshore banking partner facing liquidation risks.
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