Key Takeaways U.S. prosecutors seek forfeiture of about $61 million in USDT. The broader network allegedly moved more than $1.5 billion. Two Chinese companies allegedly used Binance accounts in the scheme. US Targets $61M in Tether From Alleged Iranian Oil Network More than $61 million in cryptocurrency could be forfeited to the U.S. government after federal prosecutors traced the assets to alleged black-market sales of Iranian crude oil and petroleum products. The civil forfeiture complaint was filed Sept. 14 by the U.S. Attorney’s Office for the Southern District of New York. The case targets USDT held across 10 cryptocurrency addresses …

