The U.S. Treasury has sanctioned crypto exchanges Shelbit and Aban Tether as part of its expanding “Economic Fury” campaign targeting Iranian financial networks.
OFAC said it traced more than $3 million in transfers between Shelbit and wallets linked to Iran’s Islamic Revolutionary Guard Corps (IRGC), including over $1 million sent to Shelbit and more than $2 million received from the exchange.
Treasury also sanctioned Shelbit operator Siavash Kayvanpour and several companies he controls in Georgia, Poland and the UAE. Authorities allege Shelbit supported more than 2,000 Iranian gambling websites and helped move tens of millions of dollars through illicit financial networks.
A recent Reuters investigation found Shelbit processed at least $4 billion over the past two years, with at least $676 million moving from Shelbit-linked wallets to Binance.
OFAC separately targeted Iran-based Aban Tether, accusing the exchange of processing millions of dollars involving previously sanctioned Iranian crypto platforms, including Nobitex. $BTC
OFAC said it traced more than $3 million in transfers between Shelbit and wallets linked to Iran’s Islamic Revolutionary Guard Corps (IRGC), including over $1 million sent to Shelbit and more than $2 million received from the exchange.
Treasury also sanctioned Shelbit operator Siavash Kayvanpour and several companies he controls in Georgia, Poland and the UAE. Authorities allege Shelbit supported more than 2,000 Iranian gambling websites and helped move tens of millions of dollars through illicit financial networks.
A recent Reuters investigation found Shelbit processed at least $4 billion over the past two years, with at least $676 million moving from Shelbit-linked wallets to Binance.
OFAC separately targeted Iran-based Aban Tether, accusing the exchange of processing millions of dollars involving previously sanctioned Iranian crypto platforms, including Nobitex. $BTC