US DOJ seeks $61 million in crypto from alleged Iranian oil sales

VERA Brief

AI-generated. Grounded in the article and its cited sources.

The U.S. Department of Justice is seeking $61 million in cryptocurrency. This action is related to alleged illicit Iranian oil sales used to finance the country's military and proxies.

Key facts

• The U.S. Department of Justice filed a civil forfeiture complaint.
• The complaint seeks $61 million in cryptocurrency.
• The cryptocurrency is alleged to be proceeds from illicit Iranian oil sales.
• Prosecutors claim the funds were used to finance Iran's military and proxies.
• Two Chinese companies allegedly utilized the Binance exchange to launder these funds.