U.S. Seeks $84.2 Million From Capstone Accounts in Crypto Case
The forfeiture case covers more than $83 million in cash and 1.18 million USDT seized from Capstone-linked accounts and addresses.
U.S. prosecutors are seeking to permanently seize approximately $84.2 million in cash and crypto assets held in Capstone Limited’s name, escalating legal and banking risks for firms serving the digital-asset industry.
The civil forfeiture complaint, filed July 15 in the U.S. District Court for the Eastern District of California, covers $79,109,828.17 from a Wells Fargo Securities account, $1,861,106.49 from a Wells Fargo Bank account and $2,056,207.08 from a JPMorgan Chase account.
The court also listed 1,122,483.28 USDT and 54,578.45 USDT seized from two virtual-currency addresses. The cash balances total $83,027,141.74, while the court did not assign a dollar value to the USDT.
Prosecutors allege Capstone acted as an intermediary for EQIBank and moved funds through U.S. banking channels for transactions connected to Tether and Bitfinex. The court record confirms the seizure and forfeiture case, but the underlying allegations remain contested.
EQIBank’s motion to recover the property was denied at a July 16 hearing for lack of equitable jurisdiction. The case remains active.
