The U.S. Attorney’s Office for the Southern District of New York (“SDNY”) filed a civil forfeiture complaint on Sept. 14, 2026, seeking approximately $61 million in Tether (USDT) stablecoins. The U.S. government alleges the funds are proceeds of black-market sales of sanctioned Iranian oil intended to benefit the Iranian government and the Islamic Revolutionary Guard Corps (“IRGC”), a designated Foreign Terrorist Organization….
By: Haynes Boone
By: Haynes Boone
