US sanctions two more Iranian crypto exchanges under ‘Economic Fury’ campaign
60-second summary
The US Treasury Department is sanctioning two more Iranian crypto exchanges, Shelbit and another unnamed platform, under its 'Economic Fury' campaign, targeting entities linked to the Iranian Revolutionary Guard Corps. Over $3 million in transfers were traced between Shelbit and IRGC-linked wallets, highlighting the US efforts to disrupt Iran's access to global financial systems and cryptocurrency markets.
The U.S. Treasury Department traced more than $3 million in transfers between Shelbit and IRGC-linked wallets.