Wall Street Journal ·

The US DOJ says several companies used Binance to relay payments of around $1.5B for black-market Iranian oil from Chinese buyers; Binance says it took action

Prosecutors said around $1.5 billion was sent back to Iran through a series of interrelated digital wallets

In this story Binance DOJ

The US DOJ says several companies used Binance to relay payments of around $1.5B for black-market Iranian oil from Chinese buyers; Binance says it took action

Lead Source

Wall Street Journal — The US DOJ says several companies used Binance to relay payments of around $1.5B for black-market Iranian oil from Chinese buyers; Binance says it took action ↗

How this story grew

Coverage · 0 Discussion · 0

Sep 15Sep 16

More

US Department of Justice: US Department of Justice

Bitcoin News: Bitcoin News

The Coin Republic: The Coin Republic

Financial Times: Financial Times

CryptoSlate: CryptoSlate

Engadget: Engadget

Discussion

@bdanweiss @monitoringmeme

Related stories

CoinDesk: The US Treasury sanctions Iranian crypto exchange BitBank, saying it sent hundreds of millions to the IRGC and helped Iran operate a Strait of Hormuz toll booth

Reuters: Russian law enforcement docs: Binance provided Russia with IT specialist Yuri Belenkiy's transaction history and passport number, leading to terrorism charges

Reuters: The US DOJ says it disrupted a Chinese hacking operation responsible for break-ins at the DOJ, NASA, the Fed, Senate, and others, seizing two platforms' domains

Wall Street Journal: Crypto exchange CoinEx says it is closing, citing a lengthy downturn and rising compliance costs; a report said it moved $3B+ for Iran-linked wallets since 2019

Financial Times: Iran's central bank has quietly relaxed foreign currency controls and encouraged traders to repatriate funds via cryptocurrencies to bypass sanctions

Discuss with AI

ChatGPT ↗ Claude ↗

← Back to TechSnif