Overview
Capstone Ltd. is a Montana-registered payments firm that prosecutors allege operated as an unlicensed money transmitter, misrepresenting itself as an IT services company to US banks.
Recent Developments
- 2026-07-15: DOJ filed civil forfeiture for ~$84.2M in Capstone accounts (Wells Fargo, JPMorgan, USDT wallets). Processed payments for tether and Bitfinex via Dominica-based EQIBank (2026-09-25-tether-capstone-accounts-seized)
Allegations are unproven in court. Tether denies knowledge of Capstone's alleged conduct.