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Sep 24, 2026

US seizes $84 million from Tether banking partner EQIBank

Federal prosecutors seized approximately $84.2 million from accounts of Capstone Ltd., a payments firm working on behalf of Tether and Bitfinex at offshore bank EQIBank. Tether stated its exposure represents less than 0.034% of group assets.

Sep 24, 2026·8 sources
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Apr 15, 2026

Tether Adds $70 Million in Bitcoin to Reserves, Holdings Exceed 97,000 BTC

Stablecoin issuer Tether transferred approximately $70 million in Bitcoin to its reserve wallet, bringing total holdings above 97,000 BTC worth over $7.1 billion as part of its strategy to allocate up to 15% of profits into Bitcoin.

Apr 15, 2026·3 sources
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Top claims

  • ▪An alleged FBI-impersonation fraud scheme involved a Capstone Ltd. bank account at JPMorgan Chase holding just over $2 million, with no suggestion that Tether, Bitfinex, or EQIBank were aware of the scheme
  • ▪Seizing Capstone's assets before a criminal conviction is an abuse of federal power
  • ▪The Department of Justice alleges Capstone Ltd. facilitated an impersonation fraud scheme where scammers posing as FBI agents coerced elderly victims into depositing cash that Capstone then converted into USDT

Topics

StablecoinsCrypto regulationCrypto enforcement actionsStablecoin regulationAnti-money laundering (AML)Crypto & banking regulationInstitutional crypto adoptionBitcoinStrategic Bitcoin reserves

Related entities

United StatesBitcoinUSDT