The PPP surge already ran. This docket is oil and Tether.
U.S. Attorney, Southern District of New York, verified complaint 26 Civ. 8010, dated Sept. 14: the United States seeks civil forfeiture of all USDT in 10 TRON addresses, about 61,192,367.59 tokens. Tether has frozen those balances. A Sept. 14 seizure warrant from Magistrate Judge Ona T. Wang authorizes the FBI to move them into an FBI wallet in this district. U.S. Attorney James M. McDonald.
The complaint: the tokens are proceeds of black-market Iranian crude or petroleum products sold to buyers in China, intended to finance Iranian military agencies, including the IRGC, a designated FTO. Alleged facilitators: Blessed Trust Limited and Hexa Whale Trading Limited, both incorporated in Hong Kong, using Binance accounts. Prosecutors: related โEntity Aโ addresses received and distributed more than about $1.5 billion in illicit oil proceeds. That $1.5 billion is the alleged network, not the $61.19 million in this complaint.
SDNYโs own caveat, echoed in the officeโs public line: a civil forfeiture complaint is merely an allegation. The claims are not proven until a court awards judgment for the United States. No criminal convictions in this file.
What this means for you
If you needed $245 million intended, that was last night. If you needed $1.5 billion seized, this complaint does not seize it. If the week is too heavy, 988.
Bottom line: $61.19 million frozen. Alleged. Not $1.5 billion in this docket. Not a verdict.
GLHR NEWS explains the news. Not investment, tax, or trading advice. Do your own work before you act.
