$MOONPAY
Sudden SpikeSnapshot Window: 2026-07-31 21:30 UTC ยท โ Back to Crypto Overview
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JUST IN: Dubai-based crypto exchange Shelbit moved $4B through an Iranian sanctions-evasion network, Reuters reports. VARA said on July 24 that it fined Shelbit for continuing unlicensed activities despite a 2025 cease-and-desist notice.
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AI visual note: The Shelbit logo is displayed, representing the Dubai-based crypto exchange implicated in an Iranian sanctions-evasion network, according to Reuters. Shelbit was fined by VARA for continuing unlicensed activities.