NewsHK
Department of Justice has moved to seize approximately $61 million in cryptocurrency funds tied to sanctioned Iranian oil sales.
The federal complaint alleges that two China-based companies laundered the proceeds through trading accounts on Binance, a major global crypto exchange.
While Binance is not currently named as a defendant in the case, the filing marks a renewed legal challenge for the platform and its native token, BNB.
BNB remains the fourth-largest cryptocurrency by market value, having increased by 240% over the past three years. This performance has outpaced major competitors such as Bitcoin, Ethereum, and XRP.
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