US DOJ says companies used Binance to relay $1.5B for Iranian oil; Binance says it took action
The US Department of Justice said several companies used Binance to relay around $1.5B in payments from Chinese buyers for black-market Iranian oil. Funds were returned to Iran through a network of linked digital wallets. Binance said it took action.
- US DOJ estimates transactions at $1.5B
- Payments came from Chinese buyers of Iranian oil
- Funds returned to Iran via linked wallets
- Binance says it took action in the case
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