Tether Confirms EQIBank Exposure Amid U.S. Seizure

Tether has confirmed that it holds assets at offshore banking partner EQIBank, but says its exposure represents less than 0.034% of its total assets.

The move comes as U.S. prosecutors seek to forfeit approximately $84.2 million seized from Capstone-linked accounts and cryptocurrency holdings.

EQIBank has claimed that the seizure represents around 80% of its monetary holdings, but a federal judge denied the bank's property-return motion after prosecutors filed a separate civil forfeiture complaint.