DOJ moves to forfeit $61 million in Iranian crypto oil funds

The US DOJ filed a civil forfeiture claim to seize $61 million linked to illicit Iranian oil sales laundered via Binance. Two Chinese firms, Blessed Trust Limited and Hexa Whale Trading, allegedly funnelled over $1.5 billion in oil revenue to Iran, financing its military and terror-designated IRGC. Binance denied wrongdoing and pledged cooperation.