U.S. Department of Justice: Iranian oil revenues laundered through Binance, seeking to confiscate $61 million

According to Bloomberg, the U.S. Department of Justice is seeking to seize $61 million, claiming that the funds come from Iran's black market oil sales and were laundered through the cryptocurrency exchange Binance.

The Manhattan federal prosecutor alleges in a civil forfeiture lawsuit that Iran used a network of cryptocurrency participants to launder over $1.5 billion in illegal oil funds. The prosecution states that the relevant entities used Binance trading accounts to transfer oil proceeds to Iran and its agents and affiliated organizations to fund military and terrorist activities.