Reuters links Dubai crypto exchange to $4 billion Iran sanctions evasion scheme

3 August 2026

Reuters links Dubai crypto exchange to $4 billion Iran sanctions evasion schemeSvet foto/Shutterstock.com

A Reuters investigation has identified a Dubai-based crypto exchange at the centre of a $4 billion Iranian sanctions evasion operation. The unlicensed exchange, Shelbit, has processed at least $4 billion since May 2024. It...

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Michael O'Kane

Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor. Michael was called…

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