The High Stakes Gamble: How Iran's Military Evaded Sanctions through Cryptocurrency A recent investigation by Reuters has uncovered a staggering $4 billion sanctions evasion network that has secretly propped up Iran's economy.
At its center is Shelbit, a Dubai based cryptocurrency exchange, which allegedly linked the Iranian central bank to a vast online gambling operation and state backed bitcoin mining activities.
The involvement of Shelbit in this operation is notable due to its close ties with Iran's central bank and other sanctioned entities.