Tether reports limited exposure to bank linked to US asset seizure

2026-09-27

Tether stated its exposure to EQIBank, where it holds assets, was limited following a U.S. prosecutor's allegation of illegal fund transfers. The U.S. seized $84 million from a payments business connected to the bank.

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Tether stated its exposure to EQIBank is limited following allegations of illegal fund transfers involving a payments business connected to the bank. The U.S. government seized $84 million in assets related to this operation.

Key facts

Tether has stated its exposure to EQIBank is limited.
U.S. prosecutors allege a payments business directed by EQIBank facilitated illegal fund transfers.
The U.S. government seized $84 million in assets connected to the operation.
Tether confirmed it holds some assets at EQIBank and is monitoring the situation.
The incident highlights complexities in cryptocurrency financial ecosystems and potential indirect impacts.

Source: CoinTelegraph

Reported by VERA Newswire.