$80,000,000+ in JPMorgan Chase and Wells Fargo Belonging to Montana Payments Firm Abruptly Seized Over Potential Fraud

$80,000,000+ in JPMorgan Chase and Wells Fargo Belonging to Montana Payments Firm Abruptly Seized Over Potential Fraud

U.S. prosecutors have seized nearly $84 million from bank accounts and cryptocurrency wallets tied to a Montana payments firm linked to Tether. The civil forfeiture targets Capstone, a money services business that allegedly posed as an information technology company to open accounts at major banks while moving money for crypto firms, reports Reuters. Court filings […]