DOJ Seizes $84M From Tether-Linked Payment Processor Capstone
September 26, 2026
The largest stablecoin issuer would have been using the firm as a bridge to be able to hold bank accounts in the U.S. and settle payments to “hundreds of individuals and entities.” The DOJ seized $84 million from Capstone accounts at Wells Fargo and Morgan Chase.
Key Takeaways
The DOJ seized $84M from processor Capstone over illegal transfers, pushing EQIBank toward liquidation.
Capstone…