US prosecutors allege that two Chinese companies used Binance accounts to move $61mn linked to black-market Iranian oil sales.

Intelligence summary

US prosecutors allege that two Chinese companies used Binance accounts to move $61mn linked to black-market Iranian oil sales. The Justice Department says the funds passed through digital wallets connected to a broader network that handled more than $1.5bn in Iranian oil proceeds. Prosecutors allege some of the money was intended for the Iranian government, and its agents and proxies. Source: FT