GoKawiilDOJ Seizes Bank Accounts Linked to Tether Amid Capstone Fraud Probe
The Financial Times reported that the US Department of Justice has seized millions of dollars in bank accounts and crypto wallets connected to Tether Limited, issuer of the Tether stablecoin. The seizures stem from an FBI investigation into Capstone, an unlicensed payment processor accused of running an elder-fraud scheme that funneled illicit funds into crypto, with the money reportedly moving through offshore bank EQIBank, which serviced both Tether and Bitfinex.