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Morning Edition · Monday, September 28, 2026Published at 1:43 AM EDT · New York
US Prosecutors Seize $84.2 Million From a Tether Payment Conduit, and the Reserve Question Stays Open
A September court order itemizes accounts at Wells Fargo and JPMorgan plus 1.1 million USDT, while Tether says its exposure is under 0.034% of group assets without saying whether any of it backs the token.
United States prosecutors have seized roughly $84.2 million from accounts held by Capstone, a payment firm that moved money for Tether and Bitfinex. Court records identify the property as about $79.11 million in a Wells Fargo Securities acc…
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States Turn Crypto Rails Into Sanctions Instruments
Governments increasingly track, freeze, and seize on-chain assets to enforce sanctions, turning traceable ledgers and centrally controlled stablecoins into extensions of financial statecraft rather than escapes from it.
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