Blessed Trust · Full chronicle and history

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.

On September 14, the U.S. Attorney's Office for the Southern District of New York filed a civil forfeiture action seeking to seize approximately $61 million in cryptocurrency, alleging that the Chinese companies Blessed Trust and Hexawell used Binance trading accounts to launder money from Iran's black-market crude oil sales, with the related network having laundered more than $1.5 billion in illicit oil funds.