DOJ Seeks to Seize $61M in Iran Oil Funds From Binance Accounts It Vouched For
The US Attorney's Office for the Southern District of New York filed a civil forfeiture complaint on September 14 against $61 million in cryptocurrency tied to Binance accounts and black market sales of Iranian oil.
Prosecutors allege the funds moved through trading accounts held by Blessed Trust and Hexa Whale, two China-based firms, before reaching Iran's Islamic Revolutionary Guard Corps (IRGC), a US-designated terrorist organization.
Same Iran-Linked Entities Binance Called Clean
"Today's action demonstrates our determination to deprive the Government of Iran and its terrorist proxies of the illegal money they rely on to threaten the lives and safety of the citizens of the United States and elsewhere."
Deputy US Attorney Sean Buckley made the statement announcing the complaint on September 14.
The complaint names the same two entities at the center of a Senate probe earlier this year.
Binance pushed back against claims in March, when Co-CEO Richard Teng called the allegations "false and defamatory."
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