U.S. Sanctions Seize $4B Crypto Laundering Ring; Founder at Legal Crossroads
The U.S. Treasury’s sanctions on Dubai-based Shelbit and founder Siavash Kayvanpour mark a significant legal escalation, building on a Reuters probe and targeting IRGC-linked money laundering. The actions highlight expanding OFAC authority over crypto exchanges and raise questions about founder liability and jurisdictional reach.