Tether says it has limited exposure to EQIBank after US authorities seize US dollar assets linked to the bank-linked payments activity. CoinDesk reports Tether’s maximum stated exposure remains below $64 million, describing its exposure as minimal following an $89 million seizure. Cointelegraph similarly says its exposure was “limited,” following an allegation involving an $84 million-related seizure.
Both outlets connect the seizures to US prosecutors’ claims about how funds were moved. They report that prosecutors allege a payments business transferred hundreds of millions of dollars at the direction of EQIBank, where Tether holds some assets. The reports focus on what Tether’s exposure level is, while providing context that US legal action highlights counterparty risk in fiat “gateway” networks used to move dollars.
While the outlets cite different seizure figures and emphasize different framing—CoinDesk stresses Tether’s exposure ceiling and “minimal” exposure, while Cointelegraph highlights the prosecutorial allegation and “limited” exposure—they agree on the core points: EQIBank-related transfers are at the center of the US case, and Tether confirms limited asset exposure tied to the bank.
