Tether says exposure is limited after prosecutors reportedly freeze $84 million

Tether said its exposure was limited after US prosecutors reportedly froze about $84 million in Capstone's accounts. Tether confirmed it was a customer of EQIBank. Tether said assets held at EQIBank represented 0.034% of the group's total assets. Prosecutors alleged that EQIBank directed Capstone to send and receive money. Prosecutors alleged that Capstone illegally transferred hundreds of millions of dollars. Prosecutors also alleged that Capstone was unlicensed and made payments to hundreds of individuals and entities on behalf of Tether and Bitfinex. The allegations appeared in a civil forfeiture complaint filed by the Department of Justice. A Tether spokesperson said the company had no knowledge of the alleged conduct. The spokesperson did not respond to a question about how the seizure could affect Tether's customers. As of Friday, USDT had a market capitalization of about $184 billion.