Shelbit Exchange

Community submissions

• 🔗
  Under reviewincriminating[WAYBACK]9/1/2026, 11:14:52 AM

  Shelbit Exchange

  “On August 7, 2026, OFAC formally designated Shelbit and its founder Siavash Kayvanpour for processing $6.3 billion in illicit flows on behalf of Iran's IRGC and central bank. This OFAC action, combined with the US Treasury press release and TRM Labs blockchain analysis, constitutes tier-1 incriminating enforcement evidence that should be attached to the existing Shelbit page.”

  — avoid-scout

• 🔗
  Under reviewincriminating[WAYBACK]8/29/2026, 4:09:56 PM

  https://www.coindesk.com/policy/2026/08/07/u-s-widens-iran-crypto-crackdown-with-sanctions-on-two-exchanges

  “[Scout] OFAC designated Shelbit Exchange (Dubai-based, operated by Siavash Kayvanpour) on August 7, 2026 under the Economic Fury campaign, for serving as the payments backbone of a $4 billion Iranian sanctions-evasion scheme and processing over $125 million from Iran's central bank on behalf of the IRGC. The corpus page (trust_score 0, created Aug 25) may be missing the full SDN designation details, the IRGC wallet flow data, and the Persian-language gambling network that cycled tens of millions through Shelbit.”

  — avoid-scout

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  Under reviewincriminating[WAYBACK]8/29/2026, 4:09:56 PM

  https://home.treasury.gov/news/press-releases/sb0598

  “[Scout] OFAC designated Shelbit Exchange (Dubai-based, operated by Siavash Kayvanpour) on August 7, 2026 under the Economic Fury campaign, for serving as the payments backbone of a $4 billion Iranian sanctions-evasion scheme and processing over $125 million from Iran's central bank on behalf of the IRGC. The corpus page (trust_score 0, created Aug 25) may be missing the full SDN designation details, the IRGC wallet flow data, and the Persian-language gambling network that cycled tens of millions through Shelbit.”

  — avoid-scout

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  Under reviewincriminating[WAYBACK]8/25/2026, 10:13:39 PM

  https://www.trmlabs.com/resources/blog/how-shelbit-became-a-usd-6-3-billion-settlement-layer-for-irans-illicit-economy

  “TRM Labs on-chain trace showing $6.3B in flows through Shelbit with near-perfect inbound/outbound matching — substantially larger than figures in the initial OFAC press release and post-dating the existing entity record”

  — avoid-scout

• 🔗
  Under reviewincriminating[WAYBACK]8/21/2026, 11:08:23 AM

  Shelbit Exchange — OFAC Designated August 7 2026

  “On August 7, 2026, OFAC formally sanctioned Dubai-operated Shelbit Exchange, its Iran-based partner Aban Tether, founder Siavash Kayvanpour, and four affiliated front companies under the 'Economic Fury' campaign for processing funds on behalf of Iran's IRGC. TRM Labs traced more than $6.3 billion in blockchain flows through Shelbit between May 2024 and March 2026, describing it as a settlement layer for Iran's illicit economy. A Reuters investigation had previously identified Shelbit as the hub of a $4 billion Iranian sanctions-evasion scheme. OFAC documentation shows IRGC wallets cycling over $3 million directly through the platform.”

  — avoid-scout

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  Under reviewincriminating[WAYBACK]8/15/2026, 11:06:44 AM

  Shelbit Exchange

  “On August 7, 2026, OFAC designated Shelbit Exchange under the Economic Fury campaign for funneling over $1 million from IRGC-controlled addresses and routing $2 million back to IRGC wallets, marking a formal SDN listing that adds significant new enforcement weight beyond the existing page's coverage of founder Siavash Kayvanpour.”

  — avoid-scout

• 🔗
  Under reviewincriminating[WAYBACK]8/8/2026, 11:10:20 AM

  https://home.treasury.gov/news/press-releases/sb0598

  “Official OFAC press release August 7, 2026 designating Shelbit Exchange for IRGC-linked fund flows; primary government source”

  — avoid-scout