Tether Says Less Than 0.034% of Its Assets Sit at EQIBank, an Offshore Bank Hit by US Seizures

Department of Justice Seizes Stablecoin Tether's Bank Accounts

Tether and Bitfinex have had millions of dollars seized by the feds after a third-party payment processor was caught defrauding the elderly.

Tether's Tiny Exposure to Seized Bank Accounts Sparks Big Questions on Offshore Reserves

A U.S. seizure of $89 million at Tether partner EQIBank, representing 80% of the bank's currency holdings, highlights ongoing risks in offshore banking relationships. Tether called its exposure under 0.034% of reserves. The incident revives scrutiny over how much cash the stablecoin giant still keeps beyond major custodians.

Tether Says Less Than 0.034% of Its Assets Sit at EQIBank, an Offshore Bank Hit by US Seizures

US prosecutors are moving to forfeit about $83 million held by a payments firm that EQIBank says was keeping the bank's money.

Tether says it had ‘limited’ exposure to bank linked to $84M US seizure

US prosecutors alleged that a payments business illegally transferred hundreds of millions of dollars at the direction of EQIBank, where Tether holds some assets. Stablecoin issuer Tether said that it had limited exposure through assets held at a bank that reportedly directed a payments company to allegedly move hundreds of millions of dollars on its […]

Tether Says ‘Limited’ Exposure after Prosecutors Seize $84M from Business

A Tether spokesperson said only 0.034% of the group’s total assets were held at a bank targeted by the US Justice Department as part of a civil forfeiture complaint.

Tether downplays impact of US seizure at banking partner EQIBank

Federal prosecutors allege payment processor Capstone misrepresented its business to U.S. banks while handling wire transfers for EQIBank and Tether.