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The Nexus
SECURITYAug 1 · 21:18 UTCTHE BLOCKZack Abrams

Iran-linked exchange sent $676 million to Binance in alleged sanctions-evasion operation: Reuters

A Dubai-based exchange linked to Iran, Shelbit, allegedly sent $676 million to Binance through a network involving Iranian gambling sites, the central bank, and the IRGC. The exchange processed over $4 billion since May 2024, according to Reuters.

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ShelbitorganizationBinanceorganizationIranian gambling sitesorganizationcentral bankorganizationIRGCorganizationDubaiplacesanctions-evasiontopicUnited Statestopic
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