October 2nd 2026, 2:30 PM
Major US Banks Tied to Potential Crypto Fraud Schemes
Key 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 while moving money for crypto firms, reports Reuters. Court filings […]
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Major US Banks Tied to Potential Crypto Fraud Schemes
U.S. prosecutors have seized nearly $84 million from bank accounts and cryptocurrency wallets tied to a Montana payments firm, Capstone, accused of posing as an IT company to facilitate money laundering for crypto firms.Court Filings Reveal Involvement of JPMorgan Chase and Wells Fargo
Court filings have revealed that Capstone's alleged scheme involved opening accounts at major banks, including JPMorgan Chase and Wells Fargo, to move money for crypto firms.#crypto#US#SEC#Montana