DOJ says companies used Binance to funnel $1.5 billion in crypto to Iran

The DOJ alleges that two Hong Kong companies, Hexa Whale and Blessed Trust, used Binance to move approximately $1.5 billion in cryptocurrency to Iran, funding the Islamic Revolutionary Guard Corps. Binance’s internal investigators confirmed the transfers and the exchange subsequently removed the two entities from its platform. The forfeiture complaint seeks to seize $61 million in crypto tied to the scheme.