EQIBank Faces Potential Liquidity Crisis Following $84 Million Asset Seizure
#eqibank #tether #bitfinex

EQIBank Faces Potential Liquidity Crisis Following $84 Million Asset Seizure
#eqibank #tether #bitfinex
A US forfeiture case against payment processor Capstone froze funds tied to the banking partner of Tether. The issuer says exposure is minimal.
#Capstone #Eqibank #Regulation #Seizure #Stablecoins #Tether #Usdt
US prosecutors seized about 84.2 million dollars from accounts tied to payments firm Capstone, and Tether says its exposure to EQIBank is under 0.034% of assets.
#Doj #Eqibank #Regulation #Seizure #Stablecoin #Tether #Usdt
DOJ Seeks to Seize $84.2 Million Linked to Tether's Payment Processor
Federal prosecutors filed a civil forfeiture complaint on July 15 seeking $84.2 million tied to Capstone Ltd., a payments firm alleged to have processed transfers…
Tether addresses EQIBank asset seizure: exposure is < $64M, less than 0.034% of total assets. EQIBank, formerly a banking partner, reports 80% of its monetary assets seized. Impact on USD stablecoin ops unclear. #Tether #EQIBank #Crypto