Tether Shrugs Off EQIBank Seizure, Confirms Minimal Exposure After $89M Asset Grab
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U.S. prosecutors filed a civil forfeiture case over cash and USDT tied to Capstone-linked accounts and addresses, with the filing listing about $84.2 million in assets. Tether later said its exposure to EQIBank was below 0.034% of total group assets, while EQIBank said U.S. authorities seized about $89 million through accounts connected to Capstone. The case also names Capstone Ltd. as a Montana payments firm in the filing.
Key claims & sources
What it means
Users and customers tied to Capstone-linked accounts would see the immediate effect in the movement of those funds into a forfeiture case, because the filing covers cash and USDT tied to those accounts and addresses. Anyone watching EQIBank would also notice Tether’s stated exposure figure, which puts a size on the link between the seizure and Tether’s group assets.
In practice, the case shifts the status of the listed cash and USDT from held funds to assets named in a U.S. forfeiture filing, and it also puts Capstone Ltd. in the frame as a Montana payments firm. What remains unchanged in the text is that the filing still centers on the same asset types — cash and USDT — rather than any broader set of holdings.
Market reaction i
The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.
Coverage timeline
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