Richard Teng Denies Binance Accusations, While the DOJ Targets $61 million Connected to Iran
The American Department of Justice demands the seizure of 61 million dollars in crypto. The alleged origin: illegal sales of Iranian oil. Two Chinese companies, Blessed Trust and Hexa Whale, are accused of laundering these funds in Iran via accounts opened on Binance. Richard Teng, the crypto exchange CEO, has responded! According to him, the lawsuit does not target Binance and alleges no fault on its part. The case is part of a much larger network, estimated at 1.5 billion dollars by New York prosecutors.