Tether Shrugs Off EQIBank Seizure, Confirms Minimal Exposure After $89M Asset Grab

UNCLASSIFIEDTether Shrugs Off EQIBank Seizure,Confirms Minimal Exposure After$89M Asset Grab11IMPORTANCECLOSED1NEWS MEDIA1PIECESSep 25, 2026 10:21blockboard.net

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.

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What this rests on

Claim by claim, with its source
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U.S. prosecutors filed a civil forfeiture case over more than $83 million in cash and 1.18 million USDT tied to Capstone-linked accounts and addresses.
U.S. Seeks $84.2 Million From Capstone Accounts in Crypto Case
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The forfeiture filing itemized about $84.2 million in cash and USDT, a figure below EQIBank’s separately cited $89 million amount.
Tether Says EQIBank Exposure Is Below 0.034% of Assets After U.S. Seizure
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Tether said its exposure to EQIBank was below 0.034% of total group assets after the seizure.
Tether Shrugs Off EQIBank Seizure, Confirms Minimal Exposure After $89M Asset Gr

What it means

Who it affects, what changes and what is still unconfirmed

Each sentence links inside to the piece that supports it.

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

US Tether the event is about this asset from 2 h before to 4 h after the line marks the first headline
published
+0.01 % before publication
-0.01 % after
$1price at publication
12series points

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.

How the story was built

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

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Sep 25 18:08

Has this happened before?

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