Dubai-based crypto exchange Shelbit processed at least $4 billion since May 2024 while serving as a hub connecting Iranian gambling sites, the country’s central bank and entities linked to the IRGC, Reuters reported.At least $676 million moved from Shelbit-linked addresses to Binance, including roughly $540 million after Dubai regulators fined the unlicensed exchange in January 2025.Reuters could not independently establish who within the Iranian state controlled Shelbit or whether the IRGC directly operated the wider network.