US seeks $61 million in crypto linked to Iran oil sales

Questions about this coverage

How did the left and right cover US seeks $61 million in crypto linked to Iran oil sales?

Of the 17 outlets on this story carrying a published leaning rating, 29% are rated left, 36% are rated centre, 35% are rated right. Those percentages are shares of the rated outlets, not of every outlet that ran it, which was 86. The sections above set out what each side emphasised, in its own terms.

Is US seeks $61 million in crypto linked to Iran oil sales left or right?

Neither side dominates it. Of the 17 rated outlets on this story, 29% are rated left, 36% are rated centre, 35% are rated right, and no side holds the 70% this site would want before calling a field one-sided. A story is not left or right in any case; the outlets that carried it are what carry ratings.

Is the coverage of US seeks $61 million in crypto linked to Iran oil sales biased?

US seeks $61 million in crypto linked to Iran oil sales is one event reported by 86 outlets, and this page does not rate the story as biased or unbiased. What it publishes is the spread: which outlets ran it, where named rating organisations place each of them on the spectrum, and what each side chose to lead with. A leaning rating describes an outlet's record over time, not this article, and the two should not be run together.

Which outlets covered US seeks $61 million in crypto linked to Iran oil sales?

86 that we know of, every one of them listed further up this page with a link to its own report and to what we hold on the publisher. Nothing here is a summary of somebody else's summary: the outlets are named so the original reporting can be read.

What is the US seeking to forfeit?

US prosecutors are seeking to forfeit over $61 million in cryptocurrency. They allege these funds are linked to illicit Iranian oil sales and were laundered through Binance accounts by two Chinese companies.

Who allegedly laundered the funds?

Prosecutors allege that two Chinese companies, Blessed Trust Limited and Hexa Whale Trading Limited, used Binance accounts to launder the funds. These companies allegedly acted as part of a network to funnel oil revenue to Iran.

What was the alleged purpose of these funds?

The funds were allegedly intended to finance Iran's government, military, and the Islamic Revolutionary Guard Corps (IRGC). Prosecutors claim the money was part of a larger scheme to launder over $1.5 billion in illicit oil money.

Has Binance been accused of wrongdoing?

No, prosecutors have not accused Binance of wrongdoing in this case. The exchange has stated it did not permit transactions with sanctioned individuals and is cooperating with law enforcement investigations.