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US targets $61M in Tether linked to Iranian oil sanctions in civil forfeiture case

Market News
10 Oct 2026
Tokenpost
View Source
Bearish
US targets $61M in Tether linked to Iranian oil sanctions in civil forfeiture case

The U.S. government filed a civil forfeiture complaint seeking to seize about $61 million in Tether (USDT) connected to sanctioned Iranian oil sales. The funds are held across 10 addresses on the Tron network and allegedly come from over $1.5 billion in illicit oil sale proceeds. Prosecutors claim Binance accounts were used to launder money supporting Iran’s government and military-linked groups. This legal action aims to cut off financial resources to Iran and its proxies but requires a court judgment to forfeit the assets.

The U.S. forfeiture case targeting $61 million in USDT linked to Iranian oil sales provides context for cryptocurrency market activity. For readers following crypto markets, here is Pluang's snapshot as of Oct 11, 2026 07:02 WIB: out of 50 major cryptocurrencies priced on Pluang, 40 rose and 8 fell. Notable moves include CAKE at Rp40.822 (+5.22%, 72% buy orders), ATOM at Rp35.168 (-5.00%, 69% sell orders), and AXS at Rp22.418 (+4.84%, 99% sell orders).

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