GoKawiilDOJ links Binance transactions to $1.5B Iran funding scheme
The Justice Department alleges that Hong Kong-based firms Hexa Whale and Blessed Trust used Binance to route roughly $1.5 billion in cryptocurrency tied to black-market Iranian oil sales to Chinese buyers, with proceeds ultimately reaching Iran's Islamic Revolutionary Guard Corps. Prosecutors filed a forfeiture complaint seeking to seize $61 million connected to the scheme, and some funds reportedly passed through the US financial system to obscure their origin. Binance confirmed the companies' involvement, removed them from its platform, and dismissed several internal investigators who flagged the transactions.