US Secures $84M in Tether and Bitfinex Banking Seizure

The US Department of Justice has confiscated $84.2 million from bank accounts linked to payment processor Capstone, impacting Tether, Bitfinex, and leaving EQIBank facing potential operational collapse due to frozen reserves.

Anna Dovzhenko1 hour ago1 min read

US Secures $84M in Tether and Bitfinex Banking Seizure

The U.S. Department of Justice has confiscated roughly $84.2 million from bank accounts associated with Capstone, a payment processor that handled hundreds of millions of dollars on behalf of Tether and Bitfinex. However, the impact of this enforcement action extends past the stablecoin heavyweight: EQIBank reports that approximately 80% of its reserves have been frozen, raising concerns that the institution may face operational collapse.

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Written by Anna Dovzhenko

Anna Dovzhenko is a skilled PR and advertising professional with a strong focus on content strategy and brand communication. With a keen eye for storytelling and a deep understanding of audience engagement, Anna specializes in crafting compelling content that builds brand identity and drives results. Her expertise spans media relations, digital campaigns, and content development, making her a valuable asset in any marketing or communications team.