CoinDesk·3 min read·hard
Dubai-based crypto exchange tied to $4 billion Iran sanctioned-evasion network
O
Olivier Acuna
✦AI Summary
A Dubai-based crypto exchange named Shelbit is allegedly serving as a hub for an Iranian sanctions-evasion network linked to illegal gambling and the IRGC. Reports suggest the network has moved hundreds of millions of dollars through major global crypto platforms.
Considered one of the world’s largest, with more than 2,000 platforms, the illegal gambling network is a major customer of Shelbit, an unlicensed crypto exchange run by Iranian expatriate Siavash Kayvanpour.
cryptobusinesspolitics
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