# Nobitex

Type: Company

Source: Crypto Intelligence Brief — https://getcryptobrief.com/entity/nobitex
Canonical HTML page: https://getcryptobrief.com/entity/nobitex

## Timeline

- **2026-08-07**: U.S. Treasury sanctions Shelbit, Kayvanpour, and Aban Tether — OFAC designated the Dubai exchange, its founder, and the Iran-based exchange for providing material support to the IRGC and other designated entities.
- **2026-08-01**: Shelbit website reactivated and denial issued — Shelbit’s previously dormant website went back online; the exchange issued a statement denying knowing involvement in money laundering or sanctions evasion.
- **2026-07-31**: Reuters investigation published — A Reuters report identified Shelbit as the hub of a $4 billion Iranian sanctions evasion network, detailing flows from bitcoin mining and gambling operations.
- **2026-06-02**: Nobitex designated by OFAC — The U.S. Treasury sanctioned Nobitex for enabling Iranian sanctions evasion, following a Reuters investigation.
- **2026-01**: Shelbit claimed cessation of operations — Shelbit later stated it ceased operations in January 2026, though the Treasury alleges activity continued.

## Recent coverage (1 stories)

### Shelbit Sanctioned: $4B Crypto Laundering Ring Tied to IRGC Unravels
2026-08-08 00:22:48 · Sentiment: Bearish · Impact: 7/10 · Sources: 2

The U.S. Treasury sanctions on Dubai’s Shelbit exchange, its founder, and Aban Tether spotlight the crypto industry's ongoing battle against illicit finance. While the exchange denied knowledge, the case intensifies calls for tougher AML controls across platforms.
Full story: https://getcryptobrief.com/story/shelbit-4b-crypto-laundering-irgc

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