DOJ Seizes $84 Million From Tether-Linked Processor Capstone
The U.S. Department of Justice seized $84 million from accounts belonging to Capstone, a payment processor reportedly used by Tether.
The U.S. Department of Justice seized $84 million from bank accounts held by payment processor Capstone, according to Bitcoin.com News.
The report linked Capstone to Tether, the largest stablecoin issuer, saying the firm reportedly acted as an intermediary for access to U.S. bank accounts and payment settlements.
That arrangement reportedly facilitated payments to hundreds of people and organizations. The seized funds were held in Capstone accounts at Wells Fargo and a bank identified in the source as Morgan Chase.
The source excerpt did not explain the legal grounds for the seizure or establish whether any of the seized money belonged to Tether.
Source: Bitcoin.com News
