US Treasury Sanctions Iran-Linked Crypto Exchanges Shelbit and Aban Tether

The US Treasury's Office of Foreign Assets Control (OFAC) sanctioned two digital asset exchanges used by Tehran, Shelbit and Aban Tether, on 7 August 2026 (16 Mordad 1405), along with Siavash Kayvanpour, described as the operator of a multi-jurisdiction network of front companies, under Executive Order 13224. Treasury said IRGC-linked crypto addresses sent more than $1 million to Shelbit exchange addresses, while more than $2 million flowed from Shelbit back to IRGC addresses.