Feed / Enforcement & compliance
Reuters links Shelbit to alleged gambling and sanctions transactions
By The Weekly Edge desk ·
Summary
Casino.org reported that a Reuters investigation linked Dubai cryptocurrency exchange Shelbit to alleged processing for an illegal gambling network and Iranian sanctions evasion. The report said the unlicensed exchange processed at least $4bn in cryptocurrency from May 2024.
Why it matters
The reported transactions connect the exchange to allegations involving illegal gambling payments.