The U.S. government is seeking to seize about $61 million in cryptocurrency that federal prosecutors say came from black-market sales of sanctioned Iranian oil to buyers in China, part of an alleged network that moved more than $1.5 billion in petroleum proceeds through digital assets.
A civil forfeiture complaint filed by federal prosecutors in Manhattan alleges that a network of companies, cryptocurrency accounts and digital wallets was used to conceal the source and ownership of Iranian oil revenue before funneling money to Iran, its agents and proxies.
