The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) announced sanctions against Shelbit Exchange and Iran-based Aban Tether, along with associated individuals and companies. The Treasury stated that these entities helped Iran move money outside the traditional banking system and allegedly funded the Islamic Revolutionary Guard Corps (IRGC). This action is part of Washington's ongoing campaign to cut Iran's access to crypto and foreign currency, with IRGC-linked wallets reportedly sending over $1 million in crypto to Shelbit addresses and Aban Tether processing millions in transactions for sanctioned Iranian exchanges.