U.S. seeks to seize $61 million of crypto it claims are proceeds from Iranian petroleum sales to Chinese buyers

Stablecoin Tether and Circle's USDC dominate the market.Justin Tallis | Afp | Getty ImagesThe U.S. has filed a civil forfeiture complaint against $61 million in cryptocurrency that it alleges proceeds from black-market sales of sanctioned Iranian crude oil and petroleum products.The complaint, brought by the U.S. Attorney's Office for the Southern District of New York, alleged Tehran used a network of cryptocurrency actors in China and elsewhere to launder more than $1.5 billion in illicit oil money intended to benefit the Iranian military and the Islamic Revolutionary Guard Corps. These proceeds were intended to finance the Iranian government and military components."Today we are seizing and seeking to forfeit more than $61 million of the Government of Iran's money, which otherwise would have promoted hostile military action and terrorist attacks against the U.S. and our allies," Deputy U.S. Attorney Sean S. Buckley said in a statement.Two Chinese companies, named Blessed Trust and Hexa Whale, allegedly used trading accounts at the Binance crypto exchange "to launder the proceeds of black-market sales of Iranian oil, funneling the illicit funds to the Government of Iran, its agent...