U.S. Targets $61 Million in Crypto Tied to Iranian Military Oil Sales

U.S. Targets $61 Million in Crypto Tied to Iranian Military Oil Sales

$61 million in cryptocurrency is targeted in a Sept. 14 filing by federal prosecutors in New York, who allege it came from black-market oil sales for Iran's military. This is civil forfeiture, meaning the case is against the funds themselves, not a person. Savers likely won't feel it directly, but it shows exchanges handling sanctioned money are under close watch.

Published

Read at another depth