company
Digital bank licensed in Dominica that offers multi-currency accounts and related digital banking services. Its founders are Jason Blick and Christopher Burke.
DOJ is seeking $84.2 million from Tether-linked processor Capstone, almost all of it held in Wells Fargo and JPMorgan accounts with just $1.1 million in USDT. The Dominica bank behind Capstone says losing the funds could liquidate it, while Tether puts its exposure under 0.034% of assets.
Reality
US prosecutors froze $84.2 million held by Capstone, a payments group that people familiar with the case say paid out for Tether and Bitfinex. EQIBank, the Dominica bank between them, says the freeze locked up most of its money, and a judge has turned down its first bid to get it back.
Reality
EQIBank says a US seizure of about $89 million from accounts tied to payment provider Capstone, roughly 80% of its money, could force it to liquidate. A federal court in California now has to decide whether the $84.2 million prosecutors want forfeited belongs to the bank.
Reality