Tether faces scrutiny following $84 million US asset seizure involving EQIBank

Tether has confirmed exposure to EQIBank, which is currently involved in a US government asset seizure case linked to payment processor Capstone Limited. While Tether stated on September 25 that its exposure represents less than 0.034% of the group's total assets, it did not clarify if these funds are part of the reserves backing USDT. Court records indicate approximately $84.2 million in seized assets, including $83.03 million in bank balances and 1.18 million USDT, though the court has not confirmed Tether's ownership of these specific funds. The link between these assets and Tether's official reserve figures remains unproven.