U.S. Expands Sanctions on Iranian Crypto Exchanges Shelbit and Aban Tether
OFAC added Shelbit and Aban Tether to its sanctions list, accusing them of laundering funds for the IRGC and working with already blacklisted platforms. A related network handled $4 billion over two years, per Reuters.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) expanded sanctions targeting Iran’s cryptocurrency infrastructure. The exchanges Shelbit and Aban Tether were added to the blacklist, with allegations they laundered money on behalf of the Islamic Revolutionary Guard Corps (IRGC) and facilitated transactions with entities already under sanctions.
According to a Reuters report, a network connected to Shelbit processed at least $4 billion over a two-year period. The action underscores ongoing efforts to disrupt digital asset channels used to evade international restrictions.
Source: ForkLog