Tether Reports Limited Exposure to Bank Linked to $84M US Seizure
Tether said its exposure to EQIBank was limited after US prosecutors linked the bank to alleged illegal transfers by a payments business.
Tether said it had limited exposure to EQIBank, a bank linked to an $84 million seizure by US authorities, according to Cointelegraph.
US prosecutors alleged that a payments business moved hundreds of millions of dollars illegally under EQIBank’s direction.
Tether holds some assets at the bank. The supplied report does not specify the value of those holdings or allege that Tether participated in the transfers.
Source: Cointelegraph
