U.S. Targets $61 Million in Crypto Tied to Iranian Oil Sales
- U.S. prosecutors are seeking forfeiture of approximately $61 million in cryptocurrency linked to black-market Iranian oil sales.
- A related wallet network allegedly handled more than $1.5 billion in proceeds from Iranian oil sales.
- Chinese companies Blessed Trust and Hexa Whale allegedly used Binance trading accounts for laundering these funds.
- Funds were reportedly intended to benefit the Islamic Revolutionary Guard Corps, a U.S.-designated terrorist organization.
- The civil complaint’s allegations remain unproven until a court decision is made.
Federal prosecutors have filed a civil forfeiture complaint targeting $61 million in cryptocurrency tied to illicit Iranian oil sales, with funds allegedly routed through a network involving Chinese firms and Binance. The case highlights ongoing efforts to disrupt financial networks supporting Iran’s military activities.
This action is part of broader U.S. measures against Iran’s digital asset sector, following previous sanctions on entities facilitating similar transactions (Source).
