[U.S. Prosecutors Seek to Confiscate Approximately $61 Million in Cryptocurrency Linked to Iranian Black Market Oil Sales] The U.S. Attorney's Office for the Southern District of New York and the FBI's New York Field Office have announced a civil forfeiture lawsuit targeting approximately $61 million in cryptocurrency. Prosecutors claim these funds are proceeds from the black market sales of sanctioned Iranian crude oil and petroleum products, intended to finance the Iranian government and military components, including the Islamic Revolutionary Guard Corps. According to the indictment, the Iranian government utilized cryptocurrency networks to launder over $1.5 billion in illicit oil proceeds. Blessed Trust and Hexa Whale allegedly used Binance accounts based in the UAE to launder money, transferring illegal funds to the Iranian government and its agents or proxies to finance terrorism and other activities.