OFAC sanctions Shelbit crypto network
Regulatory/Legal Action
Updated: 10.08.2026 12:00
· First: 10.08.2026 12:00
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OFAC sanctioned Shelbit, founder Siavash Kayvanpour, and affiliated entities in a move targeting an alleged $6bn illicit crypto network tied to IRGC wallets and sanctions evasion. The action also named Aban Tether and entities across the UAE, Poland, and Georgia. It tightens enforcement pressure on a cross-border blockchain conduit that authorities say was used for illicit finance.