# 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.

- Published: 2026-09-28T05:43:34.972Z
- Canonical: https://polylog.news/crypto/2026-09-28/us-prosecutors-seize-84-2-million-from-a-tether-payment-cond
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CryptoSlate](https://cryptoslate.com/an-84-million-us-asset-seizure-just-sparked-a-massive-question-for-tether/), [Polylog editors](https://polylog.news)

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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