Shelbit handled more than $6.3 billion in transactions between May 2024 and March 2026, according to a report from TRM Labs. The report ties $5.6 million in transfers from Shelbit to wallets associated with the IRGC as well as $2 million in transfers to a wallet subsequently identified as linked to Hamas. Shelbit's founder and several companies were blacklisted for helping to launder billions of dollars for the Iranian regime and support the Islamic Revolutionary Guard Corps, according to a statement from the Department of the Treasury.
- Iran-linked crypto exchange Shelbit handled over $6.3 billion in transactions, with significant amounts linked to the IRGC and Hamas.
- The US has sanctioned Shelbit, its founder, and associated companies for facilitating illicit financial activities for the Iranian regime.
- The exchange's operations highlight the growing use of crypto for bypassing sanctions and funding illicit economies, despite regulatory crackdowns.
Topics: Legal regulatory, Blockchain usage, Compliance, Enforcement actions litigation, Non evm chains, Aml antimoneylaundering
Tags: #shelbit #iran #cryptoexchange #sanctions #trmlabs #irgc #hamas #moneylaundering #blockchainanalytics #tronblockchain