CryptoMedium•25 September 2026•
1 min read
US Seizes Capstone Bank Accounts Over Alleged Tether and Bitfinex Money Laundering
Key Facts
1US prosecutors seized bank accounts belonging to the Capstone payments group for allegedly moving hundreds of millions of dollars illegally.
2Authorities allege Capstone moved funds for Tether and Bitfinex at the direction of a Caribbean bank.
US prosecutors seized bank accounts belonging to the Capstone payments group for allegedly moving hundreds of millions of dollars illegally. The Financial Times reported that authorities allege Capstone transferred these funds on behalf of Tether and Bitfinex under the direction of a Caribbean-based bank.
The seizure is part of a broader investigation into shadow payment processors acting for major cryptocurrency entities. Regarding market performance, CAPC closed at $0.04098 on September 24, 2026, as regulatory enforcement raises concerns over counterparty risks for stablecoin issuers.