US Treasury Sanctions Iranian Crypto Exchanges Shelbit and Aban Tether Over Illicit Flows
The US Treasury has blacklisted Iranian crypto exchanges Shelbit and Aban Tether alongside operator networks for facilitating illicit financial transfers. The enforcement targets multi-million dollar flows routed through global digital asset rails. Expect immediate stablecoin wallet blacklists and heightened compliance scrutiny across offshore liquidity hubs.
The US Department of the Treasury has officially blacklisted Iranian digital asset exchanges Shelbit and Aban Tether, tightening its grip on illicit shadow channels. The Office of Foreign Assets Control designated the platforms alongside network operator Siavash Kayvanpour, freezing systemic off-ramps operating across Poland, the UAE, and Georgia.
On-chain tracking reveals Shelbit funneled millions into state-linked entities while serving as a conduit for illicit online gambling networks. The platform had previously routed over six hundred million dollars through major offshore venues, prompting swift compliance action to sever those shadow liquidity bridges.
Aban Tether was similarly cited for processing substantial transaction volume with previously blocked platforms across the region. Centralized stablecoin issuers are expected to move fast by locking down associated on-chain addresses.