US DOJ Seizes $84 Million from Payment Processor Linked to Tether Reserves

The U.S. Department of Justice has seized approximately $84 million from Capstone, a Montana-based payment processor that handled fund transfers for Tether. According to the Financial Times, the seizure follows allegations of unlicensed money transmission involving hundreds of individuals and entities. Tether stated that its exposure to the seized assets is limited to 0.034% of its total reserves.