Tether Confirms Minimal EQIBank Exposure After $89M US Asset Seizure
Key Highlights Tether confirms exposure to EQIBank is less than 0.034% of total group assets, approximately $64 million based on its June 2024 attestation of $187.75 billion. U.S. authorities seized funds from Capstone, a payment processor used by EQIBank to move customer money through Wells Fargo and JPMorgan Chase accounts, alleging misrepresentation of business activities. ...