US seizes $61M in crypto allegedly laundered through Binance for Iran

The US government is seizing $61 million in cryptocurrency linked to an alleged money laundering scheme involving Binance, which reportedly facilitated illicit Iranian oil sales. A civil forfeiture complaint alleges that two Chinese firms, Blessed Trust and Hexa Whale, managed these funds to support Iranian government and military interests. The complaint does not accuse Binance of wrongdoing, though the exchange has previously faced scrutiny and lawsuits regarding its handling of Iran-linked transactions.