EQIBank
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EQIBank, a partner bank of Tether, has had 80% of its assets, totaling $84 million, frozen.
According to the Financial Times, 80% of EQIBank's assets, totaling $84 million, have been frozen as part of an asset seizure action against Capstone Limited. EQIBank previously partnered with Tether.
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Tether has some funds trapped in EQIBank, which faces liquidation risks, accounting for less than 0.034% of its total assets.
The Information reported that some of Tether's funds are trapped at its offshore banking partner, EQIBank, which is facing liquidation risk after U.S. authorities seized related assets. Tether stated
-
EQIBank, a partner bank of Tether, has had 80% of its assets, totaling $84 million, frozen.
According to the Financial Times, 80% of EQIBank's assets, totaling $84 million, have been frozen as part of an asset seizure action against Capstone Limited. EQIBank previously partnered with Tether.
-
Tether has some funds trapped in EQIBank, which faces liquidation risks, accounting for less than 0.034% of its total assets.
The Information reported that some of Tether's funds are trapped at its offshore banking partner, EQIBank, which is facing liquidation risk after U.S. authorities seized related assets. Tether stated
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EQIBank
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