U.S. Authorities Seize Accounts of Payment Processor Linked to Tether and Bitfinex

The U.S. Department of Justice has frozen approximately $84 million in accounts belonging to Capstone, a Montana-based payment processor, as part of a civil forfeiture complaint. Prosecutors allege the unlicensed firm illegally transferred hundreds of millions of dollars. The action involves Tether and Bitfinex, as Capstone reportedly processed funds for EQIBank, where Tether holds assets. Tether confirmed it is an EQIBank client but stated that these assets represent only 0.034% of its total holdings and denied knowledge of the alleged illicit activities.