OFAC has designated a network of digital asset exchanges and a key facilitator as part of the Economic Fury pressure campaign, targeting the IRGC’s use of crypto to launder billions and evade sanctions.

Individuals
- Siavash Kayvanpour (Iran/Dominica/Afghanistan, based in UAE): ringleader of a multi-jurisdictional front company network that processed millions in crypto for the IRGC and designated exchange Nobitex. Designated for materially assisting the IRGC and Nobitex under E.O. 13224.

Entities
- SHPS Shelbit (Georgia): operates Shelbit Exchange; owned/controlled by Kayvanpour. IRGC addresses transacted over $1M to and over $2M from its wallets.
- Shelbit General Trading LLC (UAE): public-facing entity of Shelbit Exchange; subject to VARA enforcement; owned/controlled by SHPS Shelbit.
- Shelbit Technologies Ltd Spółka Z Ograniczoną Odpowiedzialnością W Likwidacji (Poland): owned by Kayvanpour.
- Crypto Home DMCC (UAE): managed solely by Kayvanpour; VARA enforcement target.
- NFT Home DMCC (UAE): managed solely by Kayvanpour.
- Aban Tether (Iran): digital asset exchange processing millions in transactions with previously designated Iranian platforms (Nobitex, Wallex, Bitpin, Ramzinex); designated under E.O. 13902 for operating in Iran’s financial sector.

Key Technical Details
- Shelbit laundered tens of millions for a Persian‑language gambling network still connected to Iran’s regulated payments system.
- No specific digital currency addresses published; IRGC and Kayvanpour-controlled wallets moved over $5 million through Shelbit and Nobitex.
- New FAQs 1250 and 1257 address sanctions risk tied to Iranian digital asset exchanges, including secondary sanctions exposure.
- State Department Rewards for Justice offers up to $15 million for information disrupting IRGC financial mechanisms.