U.S. Seeks Forfeiture of $61M in Crypto Linked to Iran
- Federal prosecutors aim to forfeit over $61 million in USDT tied to Iranian oil sales.
- The alleged network laundered more than $1.5 billion through cryptocurrency transactions.
- Two Chinese companies, Blessed Trust and Hexa Whale, allegedly used Binance accounts to move funds.
- The funds are believed to support the Iranian government and the Islamic Revolutionary Guard Corps (IRGC).
The U.S. Attorney’s Office for the Southern District of New York filed a civil forfeiture complaint targeting USDT assets linked to illicit Iranian oil sales, allegedly involving Chinese firms using Binance accounts for fund transfers.
Prosecutors allege that more than $61 million in cryptocurrency was intended to benefit Iran’s military organizations, including the IRGC, highlighting significant enforcement actions against Iran-linked crypto activities. (Source)
