Tether EQIBank Exposure Under 0.034% Amid US Seizure

Coinraftar reports that Tether’s exposure to EQIBank remains under 0.034% of group assets, even as US prosecutors seek to forfeit roughly $89 million linked to the offshore bank. Tether confirmed the relationship but denied knowledge of alleged misconduct involving Capstone Ltd. EQIBank challenges the seizure, warning it could threaten its survival. Prosecutors are seeking about $84.2 million, while EQIBank claims approximately $89 million. Coinraftar notes the dispute raises questions about stablecoin reserve accessibility and the impact of banking restrictions. Full details on Coinraftar.