https://www.live-feeds.com/feed/two-chinese-firms-used-binance-to-launder-iranian-oil-money-us-saysContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/two-chinese-firms-used-binance-to-launder-iranian-oil-money-us-sayshttps://www.live-feeds.com/feed/two-chinese-firms-used-binance-to-launder-iranian-oil-money-us-says#u72341Thu, 17 Sep 2026 06:45:18 +0000US prosecutors are seeking the forfeiture of $61 million in cryptocurrency linked to the sale of Iranian petroleum to Chinese buyers. The Department of Justice alleges that Chinese firms used Binance accounts to funnel these proceeds. While the current seizure target is $61 million, some reports suggest these accounts were part of a larger network that moved over $1.5 billion in illicit funds to support the Iranian government and the Islamic Revolutionary Guard Corps. Binance has denied any wrongdoing regarding the transactions.Why it mattersThis case highlights the use of cryptocurrency excha