The U.S. seeks the seizure of $61 million in cryptocurrencies related to an alleged Iranian oil scheme
The United States. The Department of Justice has filed a civil forfeiture lawsuit, seeking to seize $61 million in cryptocurrencies allegedly linked to the sale of Iranian oil, which constitutes a violation of U.S. law and sanctions.
Prosecutors claim that two Chinese companies used Binance accounts to launder proceeds from Iranian oil transactions, and that those funds benefited the Iranian government and military. The case targets crypto assets because they were the means by which the profits derived from oil were converted and transferred.
This action underscores the continuity of U.S. enforcement efforts. The crackdown focuses on the use of cryptocurrency exchanges to evade sanctions, and #Binance is already under regulatory scrutiny. Once again, this platform has been designated as the platform through which that alleged activity took place.
Six Malaysians have been jailed for stealing cryptocurrencies in #Singapur , which cost more than S$4.9 million.
Six Malaysian men were convicted in Singapore after an armed robbery targeting a luxury property in Bukit Timah, where high-stakes poker games were held. Victims were forced at gunpoint to transfer cryptocurrencies to designated wallets, and cash and luxury items were also taken. The two leaders each received 12-year sentences. The total value of the stolen assets was approximately S$4.9 million, of which S$3.21 million remains unrecovered. The case highlights the physical security risks that can accompany large concentrations of crypto wealth, particularly in informal and high-value settings
#EEUU #iran #petróleo $BZ $CL $BTC
The United States. The Department of Justice has filed a civil forfeiture lawsuit, seeking to seize $61 million in cryptocurrencies allegedly linked to the sale of Iranian oil, which constitutes a violation of U.S. law and sanctions.
Prosecutors claim that two Chinese companies used Binance accounts to launder proceeds from Iranian oil transactions, and that those funds benefited the Iranian government and military. The case targets crypto assets because they were the means by which the profits derived from oil were converted and transferred.
This action underscores the continuity of U.S. enforcement efforts. The crackdown focuses on the use of cryptocurrency exchanges to evade sanctions, and #Binance is already under regulatory scrutiny. Once again, this platform has been designated as the platform through which that alleged activity took place.
Six Malaysians have been jailed for stealing cryptocurrencies in #Singapur , which cost more than S$4.9 million.
Six Malaysian men were convicted in Singapore after an armed robbery targeting a luxury property in Bukit Timah, where high-stakes poker games were held. Victims were forced at gunpoint to transfer cryptocurrencies to designated wallets, and cash and luxury items were also taken. The two leaders each received 12-year sentences. The total value of the stolen assets was approximately S$4.9 million, of which S$3.21 million remains unrecovered. The case highlights the physical security risks that can accompany large concentrations of crypto wealth, particularly in informal and high-value settings
#EEUU #iran #petróleo $BZ $CL $BTC
