Binance CEO Richard Teng stated that the latest case by the U.S. Department of Justice seeking to seize approximately $61 million in crypto assets linked to Iran does not target Binance, nor does it accuse Binance of any wrongdoing. He emphasized that Binance has not allowed transactions with sanctioned individuals and will continue to cooperate with law enforcement investigations. The U.S. Department of Justice mentioned that two Chinese companies, Blessed Trust and Hexa Whale, had used Binance accounts to transfer proceeds from Iranian oil sales; the related network has processed over $1.5 billion in funds, and the DOJ is now seeking to seize approximately $61 million of that amount.