Aban Tether

Binance

2026-08-16 02:34:55

Binance to halt transactions tied to 16 crypto service providers, with wallet reviews possible

Binance will stop processing transactions involving 16 crypto asset service providers, with the restrictions taking effect in three batches on Aug. 7, Aug. 13 and Aug. 23. After the applicable dates, users will no longer be allowed to send or receive assets, either directly or indirectly, with the affected entities. Binance said transactions initiated after the effective dates may be held for compliance review, and impacted wallets could face temporary restrictions. The platforms named include Shelbit, Aban Tether Exchange, A7 Nigeria, A7 Africa, HTX, EXMO, Rapira, Bitpapa and Exnode, among others. Bitcoin.com News said the U.S. has sanctioned Shelbit and Aban Tether over an Iranian crypto network, while the U.K. has separately sanctioned Russia-linked trading platforms and the A7 network. A7 said it moved more than $90 billion in funds over the past year.

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US Treasury

2026-08-08 02:51:34

US sanctions two Iranian crypto exchanges over alleged sanctions evasion

The U.S. Treasury’s Office of Foreign Assets Control on Aug. 8 sanctioned two Iranian cryptocurrency exchanges, Shelbit and Aban Tether, saying they were used to move crypto at scale, evade U.S. sanctions, and support the Islamic Revolutionary Guard Corps and other entities Washington designates as terrorist organizations. OFAC also designated Shelbit operator Siavash Kayvanpour and several companies it said he controls in Georgia, Poland, and the United Arab Emirates. According to the Treasury, wallets linked to the IRGC sent more than $1 million in crypto to Shelbit and received more than $2 million back, while wallets tied to Kayvanpour allegedly transferred more than $2 million to Nobitex, which the Treasury described as Iran’s largest crypto exchange. Treasury also said Shelbit served a network of more than 2,000 gambling websites accused of laundering tens of millions of dollars through digital assets. Before the sanctions announcement, Reuters reported that Shelbit had processed at least $4 billion in transactions over the past two years. Treasury said Aban Tether handled millions of dollars in transactions involving Nobitex and previously sanctioned platforms including Wallex, Bitpin, and Ramzinex.

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US Treasury

2026-08-07 18:47:55

US Treasury Sanctions Shelbit, Aban Tether Over Iran Fund Transfers

The U.S. Treasury sanctioned crypto exchanges Shelbit and Aban Tether for allegedly helping Iran transfer money and evade sanctions. The measures extend a 2026 crackdown on Iran-linked crypto activity, also covering Nobitex, other Iranian exchanges, and central bank-linked wallets.

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