According to a Reuters investigative report, the unlicensed crypto exchange Shelbit in Dubai has allegedly processed at least $4 billion in funds for Iran-linked gambling and sanction evasion networks since May 2024. Shelbit is accused of having financial ties with wallets associated with the Central Bank of Iran, IRGC, and the U.S.-sanctioned Iranian exchange Nobitex, as well as transferring at least $676 million to Binance-related addresses. Binance stated that Shelbit never directly opened an account with them, and the company has investigated, frozen related user accounts, and reported the matter to law enforcement. https://(wublock123.com)/news/reuters-dubai-unlicensed-exchange-shelbit-handled-40b-iran-funds-65687