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Crypto

U.S. seeks forfeiture of $61 million in crypto tied to alleged Iran oil payment laundering via Binance accounts

U.S. federal prosecutors are seeking civil forfeiture of about $61 million in cryptocurrency they say is linked to proceeds from Iran’s black-market sales of sanctioned crude oil and petroleum products. Prosecutors filed a civil complaint and alleged the funds could have been used by Iran’s government, military and the Islamic Revolutionary Guard Corps. The complaint names two China-linked firms and identifies an interconnected wallet network that allegedly moved more than $1.5 billion.

General News

Choi Tae-won appeals non-indictment in defamation case involving No So-young\'s lawyer

SK Group Chairman Choi Tae-won appealed prosecutors\' decision not to indict a lawyer representing No So-young over remarks that Choi spent more than 100 billion won on Kim Hee-young since 2015. Prosecutors cited insufficient evidence for defamation and said the remarks had some basis. Choi\'s side said the decision did not confirm the figures as fact and argued the actual amount spent as living expenses with Kim was about 2 billion won, with larger figures stemming from improperly aggregated expenditures.

Industry

U.S. prosecutors call Huawei a \'criminal enterprise\' as trial focuses on trade secrets, Iran sanctions

U.S. prosecutors told a federal court in Brooklyn that Huawei was a “criminal enterprise,” accusing the Chinese telecoms equipment maker of stealing trade secrets, violating Iran sanctions and committing financial fraud. A Justice Department prosecutor said Huawei extracted technology from U.S. companies over about 20 years and abused the financial system. Huawei rejected the allegations, saying prosecutors are linking separate matters into an organised conspiracy.