Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

Binance CEO Denies Wrongdoing as DOJ Seeks $61M in Iran-Linked Crypto Case

Guavy AI Editorial Team
Instruments
Oil
Share

Binance CEO Richard Teng has responded to a $61 million US Department of Justice (DOJ) case, stating that the civil action does not target Binance or allege wrongdoing by the exchange.

The DOJ seeks forfeiture of approximately $61 million in cryptocurrency allegedly linked to sanctioned Iranian oil sales. The funds were intended to support Iran and military-linked entities, including the IRGC, according to prosecutors.

Teng said that Binance has zero tolerance for sanctions violations or illicit activity and has already investigated accounts connected to Blessed Trust and Hexa Whale, two companies named by US authorities as part of the alleged network. He also stated that the exchange freezes or restricts accounts when its teams identify sanctions risks.

More on Commodities

Commodities 1m ago

Crude Oil Prices Slide Amid Weak Global Trends

Commodities 1m ago

Japan Rushes to Buy Oman Crude as Saudi Pipeline Shutdown Disrupts Exports

Commodities 1m ago

Oil Prices Plunge on Unexpected Inventory Build

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy