Regulation· ★★★★· bearish·

US Prosecutors Seek $84.2M Forfeiture From Firm Linked to Tether's USDT

  • —California prosecutors seek to confiscate $84.2 million
  • —Funds are tied to Montana-registered payments firm Capstone Ltd.
  • —Accounts were allegedly used for transactions on behalf of Tether
  • —The US Department of Justice filed a civil forfeiture complaint
Why it matters: The action adds pressure on USDT's payment infrastructure and could weigh on confidence in the largest stablecoin.
Source: Coinotag