Tether Reports Limited EQIBank Exposure After $89M US Asset Seizure
Tether says its exposure to EQIBank is limited, with its stated ceiling putting the maximum below $64 million following an $89 million US asset seizure.
Tether has confirmed limited exposure to EQIBank following an $89 million asset seizure in the United States, according to CoinDesk.
The ceiling disclosed by Tether puts its maximum exposure below $64 million. That figure represents an upper limit, rather than a confirmed loss.
The incident highlights counterparty risks in the banking networks that support transfers between fiat currencies and cryptocurrency.
Source: CoinDesk
