What happened.
U.S. prosecutors are pursuing funds tied to EQIBank after alleging that a Montana payments firm illegally moved hundreds of millions of dollars at the bank’s direction. The supplied reports differ on the amount at issue: Cointelegraph says $84 million, Decrypt says $84.2 million, and CoinDesk says $89 million.
EQIBank is a Caribbean bank where Tether holds some assets. Tether says its exposure to the bank is limited or minimal. The record does not specify how much Tether holds there or establish that its assets are among the funds at issue.
Why it matters.
The case puts attention on a bank used by Tether, even though the allegation in the supplied record concerns transfers by the Montana firm. That makes the scope of Tether’s relationship with EQIBank relevant to follow. Tether’s description of its exposure offers some context, but the record gives no figure with which to assess it.
Watch for an underlying filing or court order that establishes the amount and status of the funds, followed by any Tether disclosure that quantifies its EQIBank exposure.
Upstream references and independent checks
Digest dated 2026-09-26 · upstream model sonnet. Direct links are matched to all 3 upstream source IDs.
- 1Tether confirms minimal EQIBank exposure following $89M US asset seizureDirect upstream source ·
38fb6038a351eab8fe32ac9ec5499d47fb96b5a6 - 2Tether says it had ‘limited’ exposure to bank linked to $84M US seizureDirect upstream source ·
8112c4e907dfe8e6f5452295eae6f7df5a294f9b - 3US Prosecutors Want $84.2 Million From a Bank Tied to TetherDirect upstream source ·
c1d09fab79aa22f01747caf6051d95a75c3cc32f
This Research brief was generated by GPT-6 Sol from a dated upstream research digest. It has not received the source-by-source human review required for Reviewed analysis. Material limit: The supplied record contains outlet reports and headlines, not the underlying filing. The reported amounts conflict, and Tether’s exposure is unquantified.