$80,000,000+ in JPMorgan Chase and Wells Fargo Belonging to Montana Payments Firm Abruptly Seized Over Potential Fraud | CryptoAce VIP
Global Network:
WHALE RADAR
BTC $89,420 +3.8% ETH $3,480 +2.4% SOL $192 +6.1% BNB $640 +1.9% XRP $1.42 +4.5% BTC $89,420 +3.8% ETH $3,480 +2.4% SOL $192 +6.1%
← Back to All Stories

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

Category: Whale Tracking Source published: Collected: Source: The Daily Hodl
How does this story make you feel?
$80,000,000+ in JPMorgan Chase and Wells Fargo Belonging to Montana Payments Firm Abruptly Seized Over Potential Fraud

Story summary

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 w

📌 Key Highlights & Takeaways

  • 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 w

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 say Capstone, registered in Montana, processed payments for two crypto companies through a bank in Dominica. Prosecutors say the firm also ran a scheme that converted fraud proceeds into crypto by posing as FBI agents.

Nearly $81 million was seized from Capstone accounts at Wells Fargo and about $2 million from an account at JPMorgan Chase. Roughly $1.2 million worth of Tether’s dollar-pegged token was taken as well, according to the July filing first reported by The Information.

Tether said it was a customer of the Dominica bank and that its assets there were limited. A spokesperson addressed Capstone’s alleged conduct.

“Tether had no knowledge of the conduct by Capstone alleged by the Department of Justice.”

The Justice Department did not allege wrongdoing by Tether or the other firms involved. Spokespeople for Wells Fargo and JPMorgan declined to comment.

A lawyer for Capstone told Reuters the firm denies wrongdoing and plans to challenge the complaint.

💎

Crypto Profit & Yield Calculator

Simulate trading returns, staking APY, and crypto gains with real-time fee modeling.

Launch Free Tool ➔

Source: The Daily Hodl.

Read the full story at the original source ↗

For questions: mrsmithcons@gmail.com.

📌 EXPLORE NEXT IN WHALE TRACKING
Banks Risk Losing $230,000,000,000 in Payments Revenue As Stablecoins and Tokenized Deposits Scale, According to Survey
⏱️ 3 Min Read 👁️ 0.0k readers Continue Story ➔
← PREVIOUS STORY Banks Risk Losing $230,000,000,000 in Payments Revenue As Stablecoins and Tokenized Deposits Scale, According to Survey #Whale Tracking NEXT STORY → Travala’s Crypto Loyalty Program Passes 170,000 Members, Sets Long-Term Goal of 30% of AVA Supply Locked #Whale Tracking
What is your reaction to this report?

💎 On-Chain Wallet Tracking & Breakout Targets

Direct wallet address monitoring, smart money flows, and liquidity depth.

⚡ Track Whale Wallets Now ➔
🌐 NETWORK SYNDICATION

Trending Stories Across Our Media Network

Direct access to breaking updates, market intelligence & viral coverage from our sister publications.

⚡ UP NEXT IN WHALE TRACKING Continuous Auto-Feed
Travala’s Crypto Loyalty Program Passes 170,000 Members, Sets Long-Term Goal of 30% of AVA Supply Locked
Whale Tracking

Travala’s Crypto Loyalty Program Passes 170,000 Members, Sets Long-Term Goal of 30% of AVA Supply Locked

Singapore, Singapore, 2nd October 2026, Chainwire The post Travala’s Crypto Loyalty Program Passes 170,000 Members, Sets Long-Term Goal of 30% of AVA Supply Loc...

Continue to Next Story ➔
🌐 GLOBAL DIGITAL MEDIA & INTELLIGENCE NETWORK

Specialist Publications & Editorial Desks

Direct access to verified on-chain analytics, sharp sports models, high-roller gaming suites, and breakthrough technology reporting.

WHALE RADAR: High-Conviction On-Chain Accumulation & Yield
Get Whale Signals ➔
✓ Reel link copied to clipboard!

</> Embed on Your Website

Copy and paste this snippet into any article, forum, or website:

Share with Friends

💬 WhatsApp ✈️ Telegram 𝕏 Share