In short

  • Richard Teng revealed that this case was not filed against Binance and confirmed there was no wrongdoing

  • Prosecutors want USD 61 million stated to have come from the sale of Iranian oil that has been sanctioned

  • Two Chinese companies used Binance accounts to launder money, according to the petition

Read the original story: Richard Teng says Binance is not accused, so why was $61 million seized by Lockridge Okoth at th.beincrypto.com