Regulation· ★★★★· bearish·

US DOJ seeks forfeiture of $61M in crypto tied to Iran and Binance

  • —DOJ seeks forfeiture of about $61 million in crypto tied to Iran and the IRGC
  • —More than $1.5 billion from Iranian oil sales flowed through 'Entity A' addresses
  • —The scheme involves Chinese firms Blessed Trust and Hexa Whale and Binance accounts
  • —According to prosecutors, part of the funds moved through the US financial system
Why it matters: The new lawsuit increases pressure on Binance and the risk of secondary sanctions for exchanges handling sanctioned flows.
#BNB
Source: Bitcoin Sistemi
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