![\"Tether](\"https:\/\/s3-images.ctmedia.io\/media\/article-covers\/2026\/09\/01M3CMJJSCGPAGYWMC5WQF9J64\/hi-what-happens-to-seized-cryptocurrency-1.jpg\")
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US prosecutors alleged that a payments business illegally transferred hundreds of millions of dollars at the direction of EQIBank, where Tether holds some assets.<\/p>\n
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 behalf.<\/p>\n
In response to reports linking Tether and Bitfinex to a Montana-based payments business named in a civil forfeiture complaint filed by the Department of Justice, a company spokesperson told Cointelegraph that it had \u201cno knowledge\u201d of any of the alleged conduct. Tether confirmed it was a customer of EQIBank, the bank the Justice Department alleged directed the payments company, Capstone, to send and receive money, but the amount held at the bank represented 0.034% of the group\u2019s total assets.<\/p>\n
US prosecutors reportedly froze about $84 million in Capstone\u2019s accounts as part of the complaint. Justice Department officials alleged that the business was unlicensed and had made payments to \u201chundreds of individuals and entities\u201d on behalf of Tether and Bitfinex, according to the Financial Times.<\/p>\n