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DOJ Seizes $84M From Tether-Linked Payment Processor

Guavy AI Editorial Team
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The US Department of Justice (DOJ) has seized $84 million from Capstone, a payment processor linked to Tether. The move is part of an ongoing investigation into cryptocurrency-related financial crimes.

Capstone was reportedly used for transactions involving the stablecoin Tether (USDT). The company's role in facilitating these transactions and its potential connections to illicit activities are under scrutiny by regulators.

The DOJ has not commented on the specific reasons behind the seizure, but it is likely that the agency is investigating any possible links between Capstone and money laundering or other financial crimes.

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