💸 Tether, $84M, and a bank with some explaining to do

Tether — the issuer behind $184B in USDT — has been pulled into a DOJ civil forfeiture case targeting Capstone, a Montana payments firm allegedly moving hundreds of millions for Tether and Bitfinex without a licence, via EQIBank. Some $84M in Capstone's accounts is now frozen.

Tether confirms it banked with EQIBank — but the funds there were 0.034% of group assets. A rounding error with a federal footnote.

Whether any of this touches USDT holders? The spokesperson didn't say, per Cointelegraph.