Tether says it had ‘limited’ exposure to bank linked to $84M US seizure

US prosecutors are targeting a Montana payments firm and a Caribbean bank, EQIBank, for allegedly moving money without a license. Federal authorities seek $84.2 million from the bank, claiming a payments business illegally transferred hundreds of millions of dollars under EQIBank's direction. Tether, which holds some assets at the institution, stated it had limited exposure to the bank linked to this seizure. The legal action focuses on unlicensed financial transfers involving the Caribbean-based entity.