US Moves to Seize $61M in Crypto Linked to Sanctioned Iranian Oil Sales

U.S. prosecutors have filed to seize approximately $61 million in cryptocurrency they say is connected to illegal oil sales by Iran and subsequent transfers to Iranian government and Islamic Revolutionary Guard Corps-affiliated entities. The government's enforcement action targets funds that prosecutors allege helped support Iran's military operations. The move reflects ongoing U.S. efforts to track and freeze digital assets involved in sanctions evasion schemes targeting Tehran.

• The forfeiture action targets crypto tied to circumventing U.S. sanctions on Iranian oil exports, a longstanding enforcement priority.
• Prosecutors allege the seized funds flowed to both Iranian state institutions and IRGC-linked organizations, connecting the case to military financing concerns.