U.S. authorities sanctioned crypto exchanges Shelbit and Aban Tether after alleging that the platforms helped Iran evade restrictions and move funds connected to the Islamic Revolutionary Guard Corps.
Summary
- OFAC sanctioned Shelbit, Aban Tether and Siavash Kayvanpour over alleged sanctions evasion.
- IRGC-linked wallets allegedly sent more than $1 million in crypto to Shelbit addresses.
- Shelbit addresses reportedly transferred over $2 million to wallets controlled by the IRGC.
- Kayvanpour-linked wallets allegedly sent more than $2 million to sanctioned exchange Nobitex.
OFAC targets Shelbit and Aban Tether
The U.S. Treasury Department’s Office of Foreign…
