Tether Reports Minimal EQIBank Exposure Amid $84M Forfeiture Case

Tether has revealed that its financial exposure to EQIBank is minimal amid a U.S. forfeiture case involving $84.2 million linked to Capstone. The stablecoin issuer stated that its EQIBank exposure represents less than 0.034% of its total group assets, though the exact figure remains undisclosed. The disclosure comes as U.S. authorities seek to forfeit assets allegedly connected to Capstone, including funds held in Wells Fargo, JPMorgan Chase accounts, and certain USDT addresses.

The civil forfeiture case, filed by the U.S. Department of Justice in July 2026, does not accuse Tether of wrongdoing. Tether emphasized it was unaware of the conduct alleged against Capstone and that the proceedings do not establish any wrongdoing on its part. The court has not issued a final ruling on ownership of the seized assets.

EQIBank, which has provided services related to USDT transactions, has separately claimed that U.S. authorities seized approximately $89 million linked to its payment-processing activities. The bank maintains it is an innocent owner of the seized property. Tether’s disclosure clarifies its relationship with EQIBank but does not confirm whether the forfeited assets are part of USDT reserves.

The case remains unresolved, with further court proceedings expected to determine asset ownership and clarify the claims made by U.S. authorities, EQIBank, and other involved parties.