Crypto news report · source clearly identified
US DOJ Targets $61 Million in Crypto Funds Linked to Iranian Oil Sales on Binance
U.S. prosecutors allege that two Chinese firms used Binance to move proceeds from illicit Iranian oil sales, prompting a $61 million seizure request.
U.S. federal prosecutors have filed a request to seize approximately $61 million in cryptocurrency that they say was generated from illegal Iranian oil sales. The Department of Justice alleges that the funds were funneled through the Binance exchange.
Alleged Money‑Laundering Scheme
According to the indictment, two Chinese companies utilized Binance to launder the proceeds of the oil transactions. The money was then transferred to Iran and entities acting on its behalf.
Legal Action
The DOJ’s filing seeks to recover the full amount of the alleged illicit proceeds. No further details about the specific cryptocurrencies involved or the timeline of the transactions were disclosed.
Source & attribution
News Source
- Publisher
- The Block
- Original date
- September 15, 2026, 4:01 AM
- Original headline
- US DOJ seeks $61 million in crypto proceeds from illicit Iranian oil sales laundered on Binance