US Department of Justice Accuses Two Hong Kong Companies of Assisting Iran in Money Laundering
On September 14, the US Department of Justice accused two Hong Kong-registered companies, Blessed Trust and Hexa Whale, of using Binance accounts to launder money for the Iranian government and the Islamic Revolutionary Guard Corps. The case involves over $1.5 billion in Iranian oil proceeds, and the US has filed to seize $61 million in previously frozen cryptocurrency assets.