The US Department of Justice filed a civil forfeiture claim to seize over $61 million linked to illicit Iranian oil sales laundered through the Binance exchange.
Federal prosecutors alleged that two Chinese entities, Blessed Trust and Hexa Whale Trading, used Binance trading accounts to funnel over $1.5 billion in oil revenue to Iran.
The Department of Justice stated that the funds were intended to support the Iranian military and the Islamic Revolutionary Guard Corps.