🚨 BREAKING 🇺🇸 US Treasury just sanctioned the Dubai-based crypto exchange Shelbit for moving millions in crypto tied to Iran’s IRGC. OFAC says IRGC wallets sent over $1M to Shelbit and received more than $2M back. The exchange was also flagged as a hub in a larger ~$4B Iranian sanctions-evasion network involving Iran’s central bank and illegal gambling ops (per earlier Reuters reporting). Founder Siavash Kayvanpour and related companies got hit too. Crypto’s no longer a free pass for sanctioned regimes.(Seth)