Blessed Trust & Hexa Whale
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 2 → 26. Problems weighed by who is responsible: the subject's own conduct −108, problems around the subject, caused by others −4.5; legitimacy credit long-running +4; no established finding that it defrauded anyone, so it stays out of the red band. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -108 |
| Problems around it, caused by others | -4.5 |
| Long-running | +4 |
| Sum | -43 |
- No established finding that it defrauded anyone, so it stays out of the red band (26 or above).
Score: 26/100 (kept between 0 and 100)
How scoring works →Summary
Blessed Trust Limited and Hexa Whale Trading Limited are two Hong Kong-incorporated entities that U.S. federal prosecutors allege served as the central laundering vehicles for over $1.5 billion in proceeds from sanctioned Iranian crude oil and petroleum sales. On September 14, 2026, the U.S. Attorney's Office for the Southern District of New York filed a civil forfeiture complaint (case 1:26-cv-08010) seeking $61,192,367.59 USDT frozen across ten TRON addresses, with Tether having already frozen those assets in June and July 2025. The allegations, which remain unproven in court, describe both entities routing funds through Binance accounts to IRGC-linked money-services businesses and the Iranian exchange Nobitex; Binance offboarded both companies and is not named as a defendant.
Connected Entities
6 entities · 60 linked investigations- Blessed Trust & Hexa Whale→mentioned with→Binance(80%)
- Blessed Trust & Hexa Whale→mentioned with→TRON(70%)
- Blessed Trust & Hexa Whale→mentioned with→Nobitex(80%)
- Blessed Trust & Hexa Whale→mentioned with→Tether(70%)
- Nobitex / Wallex / Bitpin / Ramzinex→mentioned with→Nobitex(80%)
- Nobitex / Wallex / Bitpin / Ramzinex→mentioned with→Tether(65%)
- Binance→mentioned with→Tether(60%)
- Nobitex→mentioned with→Tether(70%)
- Nobitex→mentioned with→Binance(70%)
- TRON→mentioned with→Tether(60%)
- + 2 more
Connected Through
5 shared actors · 550 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Binanceorganization
- □Tetherorganization
- □TRONorganization
- □Nobitexorganization
Timeline(14 events)
29 November 2023
OFAC designates Sepehr Energy Jahan Nama Pars — an Iranian oil-sales front for the Armed Forces General Staff — as a sanctioned entity. The forfeiture complaint later identifies one of the Entity A wallet addresses as linked to Sepehr Energy.
U.S. Treasury press release1 March 2024
According to the forfeiture complaint, Hong Kong Company-1 begins transferring funds to Hexa Whale; approximately $37.15 million moves across 11 wire transfers through March–April 2024.
Blockonomi / Crypto Adventure (citing complaint)1 November 2024
According to the forfeiture complaint, Hong Kong Company-1 begins transferring funds to Blessed Trust; approximately $443.49 million moves across 32 transactions through March 2025.
Blockonomi / Crypto Adventure (citing complaint)15 June 2025
Tether freezes eight of the ten TRON addresses that will later be named in the SDNY forfeiture complaint, locking a combined portion of the eventual $61.19 million USDT total.
Crypto.news (citing complaint)26 July 2025
Tether freezes the remaining two TRON addresses, completing the pre-complaint asset freeze across all ten wallets.
Crypto.news (citing complaint)13 August 2025
Binance offboards Hexa Whale Trading Limited following an internal investigation.
The Block1 January 2026
Binance offboards Blessed Trust Limited following a separate compliance review triggered by law-enforcement inquiries.
The Block24 February 2026
Senator Richard Blumenthal sends a formal inquiry letter to Binance CEO Richard Teng regarding reports that Binance facilitated large-scale Iran sanctions evasion, citing Hexa Whale and Blessed Trust by name.
HSGAC / Blumenthal Senate office6 March 2026
Binance calls the Blumenthal inquiry 'demonstrably false' and disputes the underlying media reports. The exchange says it had already removed both entities from its platform.
The Block11 March 2026
The Wall Street Journal reports that the DOJ is investigating whether Iran used Binance to evade U.S. sanctions; Binance files a defamation lawsuit against the WSJ.
CoinDesk / Decrypt12 March 2026
Fortune publishes an investigation detailing how Blessed Trust and Hexa Whale allegedly processed over $1.7 billion for Iran-linked entities, including details on a 79-year-old Chinese VIP trader and a suspected Iranian gold smuggler as associated account holders.
Fortune2 June 2026
OFAC designates Nobitex (Iran's largest crypto exchange), Wallex, Bitpin, and Ramzinex under E.O. 13224 and E.O. 13902 for facilitating IRGC-linked transactions. The Nobitex designation is directly relevant to the downstream recipients alleged in the Blessed Trust / Hexa Whale complaint.
U.S. Treasury press release14 September 2026
U.S. Attorney's Office for the Southern District of New York files civil forfeiture complaint 1:26-cv-08010, seeking $61,192,367.59 USDT frozen across ten TRON addresses. A seizure warrant is issued the same day authorizing FBI custody. The complaint names Blessed Trust and Hexa Whale as central laundering vehicles and describes an alleged $1.5 billion network.
Multiple news sources (citing complaint)Decision Log
- slot 455360879 · hash B7SFxVqtbQVuDoLcyjzv9NAfEBPYaUBfbJTsXJPe4Gco
- slot 447246988 · hash 3mpEWNxSrRBmRHqfePFXwkk1WueL2UfwkmQSwGJJQmFZ
This investigation is cryptographically anchored to the Solana blockchain (2 decisions). 15 of 20 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 9/15/2026, 12:12:11 PM
last updated: 10/10/2026, 6:41:43 PM
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