US authorities sanctioned Shelbit and Aban Tether over alleged Iran-linked crypto transfers and financial support for the IRGC.

US authorities sanctioned Shelbit and Aban Tether over alleged Iran-linked crypto transfers and financial support for the IRGC.

Treasury Department also blacklists founder of Shelbit, which Reuters identified it as the hub of a $4 billion Iranian sanctions evasion scheme

Aug 7 : The United States on Friday sanctioned an unlicensed multi-state cryptocurrency exchange, alleging it processed millions of dollars of crypto for Iran’s elite Islamic Revolutionary Guard Corps and other groups linked to the Iranian state. The designation follows a Reuters investigation published on

Aug 7 : The United States on Friday sanctioned an unlicensed multi-state cryptocurrency exchange, alleging it processed millions of dollars of crypto for Iran’s elite Islamic Revolutionary Guard Corps and other groups linked to the Iranian state. The designation follows a Reuters investigation published on

Aug. 7 (UPI) -- The Trump administration on Friday sanctioned a multinational network of crypto exchanges that authorities say Iran has been using to launder billions of dollars to fund its military.