US Asset Seizure Raises Questions Over Tether’s Access to Backing Funds
An $84 million forfeiture tied to Capstone and EQIBank highlights uncertainty about Tether’s ability to use those assets for USDT redemption.
Topic
EQIBank
Every story we have filed on EQIBank.
5 stories
Tether Limits EQIBank Exposure to Under $64 Million After US Asset Seizure
Tether says its holdings with EQIBank represent less than 0.034% of its total assets, capping exposure at roughly $64 million.
Tether’s EQIBank exposure limited to a fraction of its balance sheet after $89 million seizure
Tether confirmed that its holdings at EQIBank represent under 0.034% of its assets, posing no immediate risk to USDT’s dollar peg.
Tether Says Exposure to Bank Tied to $84 Million Seizure Was Minimal
Tether disclosed that assets held at the bank implicated in a DOJ seizure represented only a fraction of its total holdings.
DOJ Seeks to Forfeit $84 Million Linked to Tether Payments Through Capstone
U.S. prosecutors have filed a civil forfeiture action to seize $84.2 million that moved through accounts tied to a payments firm used by Tether.