DOJ Moves to Seize $84M from Accounts Linked to Tether Partner

Key Facts

1Federal prosecutors in California moved to seize tens of millions of dollars from accounts and digital wallets linked to Capstone Ltd.

2Authorities allege that Montana-registered Capstone Ltd. handled large transfers connected to crypto clients.

Federal prosecutors in California moved to seize tens of millions of dollars from accounts and digital wallets linked to Capstone Ltd. Reuters reported that authorities are targeting approximately $84.2 million in total assets, including cash balances at major banks and USDT stablecoins. Authorities allege that the Montana-registered firm handled large transfers connected to crypto clients without maintaining the required licenses for money transmission.

CAPC closed at $0.0324 on September 28, 2026, as regulatory pressure intensifies on the infrastructure supporting stablecoin liquidity. The Department of Justice claims that Capstone operated as an unlicensed money transmitter, moving customer funds through U.S. banking rails under the guise of general payment processing. While court filings do not accuse Tether of direct wrongdoing, the action highlights scrutiny of intermediaries used for stablecoin issuance and redemptions.