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US Seeks Forfeiture of $61M in Crypto Linked to Sanctioned Iranian Oil Sales

Guavy AI Editorial Team
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BNB
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The US Department of Justice (DOJ) is seeking to forfeit approximately $61 million in cryptocurrency allegedly linked to black-market sales of sanctioned Iranian oil.

Binance CEO Richard Teng has responded, stating that the civil case does not target Binance and does not accuse the exchange of wrongdoing.

The DOJ alleges that entities Blessed Trust and Hexa Whale used Binance accounts within a wider laundering network.

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