$61 Million Seized by U.S. Prosecutors from Allegedly Illicit Iranian Oil Sales

U.S. prosecutors have filed a civil claim to seize $61 million allegedly tied to Iranian oil sales routed through Binance-linked accounts.

The funds, which prosecutors say came from illicit Iranian oil sales, were laundered through cryptocurrency and disguised as legitimate transactions.

Blessed Trust Limited and Hexa Whale Trading Limited, two Chinese companies, allegedly operated Binance trading accounts to run the scheme, according to the filing.

Prior to media reports earlier this year, Binance had already removed both companies from its platform.