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US seizes $61M of Iranian crypto profits allegedly laundered through Binance

A US civil forfeiture complaint is attempting to seize $61M worth of cryptocurrency tied to Iran’s illegal oil sales that relied on Binance.

US sanctions firms behind Iran’s Strait of Hormuz BTC insurance scheme

Iran’s BTC insurance scheme would reportedly generate over $10B in revenue for the country and help it maintain control over the Strait.

The Iranian CyberAv3ngers hacker collective is the main suspect in a series of attacks that hit 30 water firms across Minnesota this week.

The Wall Street Journal has revealed that Binance facilitated billions of dollars more in Iran-linked crypto transfers.

Fars News reports that Iran believes that the BTC-based insurance for passage through the Strait of Hormuz will make it $10B.