In a hostile move, the U.S. Justice Department announced a lawsuit seeking to confiscate $61 million of revenue from Iran’s sanctioned oil sales.
The Justice Department claimed Iran used a network active in cryptocurrency in China to launder $1.5 billion of its oil revenues. It said it filed a claim to confiscate $61 million of the proceeds from Iran’s oil sales, which are subject to sanctions.
No further details were immediately provided.
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