
Tether, Binance and a $1.5 billion Iran oil network converge in new US forfeiture case
Prosecutors are targeting $61 million in frozen USDT while tracing a broader flow through crypto and traditional banking channels.

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Eligible users trade physically settled contracts through Binance while Nest routes orders and Alpaca executes, settles and custodies the shares.

A user can withdraw every coin from an exchange and still leave behind years of identity and transaction history.

The paper trail instead reveals Binance pricing failures, on-chain ADL and a disclosure gap regulators have yet to close.

The full confirmed balance was swept through transactions paying a historically Binance-attributed wallet, leaving customer deposit and internal staging unresolved.

The court kept the core clawback case alive but dismissed claims tying Binance to FTX’s collapse, leaving creditors without a guaranteed recovery.

Binance's unaudited figures suggest most EU funds withdrawn after the MiCA cutoff went to self-custody rather than regulated rival platforms.



