Dubai exchange Shelbit implicated in $4B Iranian sanctions evasion route

An unlicensed Dubai crypto exchange, Shelbit, moved at least $4 billion since May 2024 for Iranian gambling operators and sanctioned state entities, a series of investigations corroborated by Reuters revealed. The revelation makes it the latest crypto platform to be uncovered as a channel for moving money past sanctions by Tehran. Shelbit sits alongside Nobitex,...