Crypto Outflows From Iran’s Largest Exchange Surge 700% After U.S.–Israeli Airstrikes

Cryptocurrency outflows from Nobitex, Iran’s largest crypto exchange, surged by nearly 700% within minutes of U.S. and Israeli airstrikes on Iran, according to blockchain analytics firm Elliptic.

The sudden spike saw millions of dollars in digital assets withdrawn and transferred to external wallets and overseas exchanges, highlighting how quickly capital can move through blockchain networks during geopolitical crises.

Analysts say the surge may reflect capital flight or attempts to safeguard funds as uncertainty escalates. Because platforms like Nobitex allow users to convert Iranian rials into crypto and transfer them abroad, digital assets can function as an alternative financial channel when traditional banking systems face sanctions, instability, or limited international access.

Clever Robot News Desk 4^th March 2025