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

Binance Accused of Facilitating $1.5 Billion in Black Market Oil Sales

Guavy AI Editorial Team
Instruments
USDT BNB
Share

US authorities have accused Binance of being used to launder millions in proceeds from black market oil sales.

A civil forfeiture complaint filed in the US District Court for the Southern District of New York alleges that two Hong Kong-based companies, Blessed Trust Ltd. and Hexa Whale Trading Ltd., helped launder the money by converting fiat currency into cryptoassets via 'on-ramp' services.

The U.S. government is seeking to seize $61.2 million in Tether (USDT) from seven interrelated crypto wallets that have been frozen since mid-2025, which allegedly facilitated over $1.5 billion worth of illicit Iranian oil sales.

More on Crypto

Crypto just now

BTC Surges Past $70K, China Freezes Crypto Accounts, Banks Enter Custody

Crypto just now

Arbitrum Price Surges on Robinhood Chain Launch

Crypto just now

Standard Chartered Predicts $10 ARB Price Target by 2030

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