Tether Says EQIBank Exposure Is Below 0.034% After US Asset Seizure
TL;DR Tether says assets held with offshore banking partner EQIBank represent less than 0.034% of its total group assets. U.S. authorities are seeking forfeiture of tens of millions of dollars tied to EQIBank payment processor Capstone. Tether says it had no knowledge of the conduct alleged by prosecutors and has not disclosed the exact amount […]
Key Takeaways
- TL;DR Tether says assets held with offshore banking partner EQIBank represent less than 0.034% of its total group assets.
- authorities are seeking forfeiture of tens of millions of dollars tied to EQIBank payment processor Capstone.
- Tether says it had no knowledge of the conduct alleged by prosecutors and has not disclosed the exact amount […]
Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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