POPA ReconIran-linked exchange sent $676M to Binance wallets
Iran-linked exchange sent $676M to Binance wallets Reuters says Shelbit, an unlicensed Dubai exchange with Iran links, funneled at least $676M to Binance wallets, part of an alleged sanctions-evasion and gambling money network. About $540M of that reportedly moved after Dubai regulators fined Shelbit in early 2025 for operating without a license. Binance says Shelbit never held an account with it, and that linked user accounts were investigated, frozen and reported to law enforcement. Shelbit allegedly processed around $4B since May 2024, acting as a hub linking a Farsi-language gambling ne…
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