The U.S. Department of Justice and the FBI have attempted to seize $61 million in cryptocurrency derived from the illegal sale of Iranian oil. A network of cryptocurrency addresses, designated as « Entity A », received and distributed approximately $1.5 billion in funds from black market sales of Iranian crude oil. Two Chinese companies, Blessed Trust and Hexa Whale, allegedly used accounts on the Binance platform to launder these funds, which were intended for the Iranian government and the Islamic Revolutionary Guard Corps, designated as a foreign terrorist organization by the United States.
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