REGULATION · US
U.S. prosecutors seize bank accounts of Tether-linked payments firm Capstone
Federal prosecutors froze bank accounts belonging to Capstone, a payments processor working with stablecoin issuer Tether and exchange Bitfinex, as part of ongoing crypto compliance enforcement action.
WHY IT MATTERS
Signals aggressive U.S. enforcement against stablecoin infrastructure; BFSI institutions offering crypto custody, settlement, or liquidity services should audit correspondent banking relationships and stablecoin exposure to avoid account seizures or compliance violations.