A civil forfeiture complaint unsealed in July identified approximately $83.03 million in bank balances and about 1.18 million USDT across two addresses, amounts that together ap...
A civil forfeiture complaint unsealed in July identified approximately $83.03 million in bank balances and about 1.18 million USDT across two addresses, amounts that together approach $84.2 million when valued at $1 per USDT. The assets are tied to Capstone Limited, a payment processor now under government scrutiny. A subsequent court order names the accounts as held in Capstone's name, but does not label them as Tether's property. Tether disclosed on Sept. 25 that its exposure to EQIBank — the bank at the center of the dispute — represented less than 0.034% of the group's total assets, a figure that offers no dollar amount or confirmation that the funds are part of USDT reserves. The company has not linked the seized balances to its reserve holdings, nor indicated that minting or redemption activity has been disrupted. While Tether International reported $187.75 billion in assets and $183.64 billion in liabilities as of June 30, yielding an excess of $4.11 billion, that snapshot does not clarify the group's holdings at EQIBank in September or their current accessibility. The denial of EQIBank's request to recover the seized property does not resolve ownership questions or settle the broader forfeiture case. For holders, the key uncertainties remain the size of Tether's balance at the bank, whether any portion aligns with USDT reserves, and whether those funds can be used to meet obligations. The $84.2 million figure should not be interpreted as a confirmed loss to USDT users, but rather as a point of legal contention pending further determination.
- Publisher
- cryptoslate
- Reliability
- high
- Published
- 9/28/2026, 10:00:47 AM
- Retrieved
- 9/28/2026, 10:00:47 AM
- Relevance
- 80%
- Confidence
- 85%

