A Dubai-based cryptocurrency exchange, Shelbit, has been tied to a $4 billion Iran-sanctioned evasion network. The operation linked Iranian entities to global crypto markets by using online gambling sites.
Source
"Dubai Exchange Linked to Sanctioned-Evasion Network" — CoinDesk
This article is Bitcoincryptos' summary and analysis of reporting originally published by CoinDesk. Read the full original report at the link above.
A reported $400 million was sent to major crypto exchange Binance as part of the scheme.
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