The U.S. Department of Justice filed a civil forfeiture complaint seeking $61 million tied to alleged crypto‑funded black market oil sales linked to Iran.
The Department of Justice has filed a civil forfeiture complaint seeking $61 million, describing the funds as proceeds from Iran's crypto‑laundered black market oil sales.
Prosecutors said the crypto proceeds are illegal and are used to fund Iran's military. No additional details were immediately available.
Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.
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