Binance $61 million seizure: DOJ links accounts to Iran oil money scheme
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US DOJ Files $61 Million Cryptocurrency Forfeiture Case Linked to Iranian Oil
The Department of Justice’s forfeiture claim, filed in the Southern District of New York, alleges that Iran used cryptocurrency to launder more than $1.5 billion generated from illicit oil sales, according to Bloomberg. Deputy US Attorney Sean Buckley announced the action, which targets roughly $61 million in digital assets that prosecutors trace directly to that oil-money pipeline.
According to the complaint, two Chinese companies, Blessed Trust and Hexa Whale, used trading accounts on Binance as part of a scheme to move the proceeds toward Iran and its affiliated networks. Blessed Trust presents itself publicly as a wealth management firm, while Hexa Whale operates as a commodities broker, based on details from BeInCrypto’s reporting on the filing.
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