U.S. Seeks Forfeiture of $61 Million in Crypto Linked to Iranian Oil Sales

Deputy United States Attorney for the Southern District of New York Sean S. Buckley and FBI Assistant Director in Charge of the New York Field Office James C.

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Barnacle, Jr. announced the filing of a civil forfeiture complaint against approximately $61 million in cryptocurrency. The case targets funds identified as the proceeds of black-market sales of sanctioned Iranian crude oil and petroleum products.

According to the filing, the oil sales were intended to finance the Government of Iran and Iranian military components. The complaint specifically names Iran's Islamic Revolutionary Guard Corps, or IRGC, as one of the recipients of the intended financing.

The source does not provide a seizure date, court outcome, or details on any arrests. It frames the action as a forfeiture proceeding tied to sanctions enforcement and alleged covert oil-trading activity involving Iranian state and military actors.

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