The US Treasury on Friday sanctioned two Iranian digital asset exchanges, Shelbit and Aban Tether, along with operator Siavash Kayvanpour, for crypto transfers tied to Iran’s Islamic Revolutionary Guard Corps (IRGC). IRGC crypto addresses sent more than $1 million into Shelbit, with over $2 million then flowing from Shelbit back to Guard wallets. Kayvanpour, an Iranian-born operator, ran Shelbit from Georgia and built front companies in Poland and the UAE. Shelbit routed $676 million to Binance and laundered tens of millions for a Persian-language gambling network. Treasury Secretary Scott Bessent stated the Treasury would hunt down and dismantle illicit financial networks, extending the US maximum pressure campaign on Iran.
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