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Iranian Crypto Exchange Nobitex Sees 700% Outflow Spike After US-Israeli Airstrikes on Tehran

Iranian Crypto Exchange Nobitex Sees 700% Outflow Spike After US-Israeli Airstrikes on Tehran

Author:

Global Cryptocurrency

Published:

2026-03-03 08:42:02

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BTCCSquare news:

Iran’s largest cryptocurrency exchange, Nobitex, experienced a 700% surge in outflows minutes after US-Israeli airstrikes targeted Tehran. Hourly withdrawals peaked at nearly $3 million, with funds primarily routed to foreign exchanges.

Blockchain analytics firm Elliptic characterized the activity as potential capital flight, while TRM Labs noted internet blackouts suppressed broader crypto transactions. Connectivity in Iran dropped 99% post-strike, crippling access for most users.

Processing $7.2 billion for 11 million users in 2025, Nobitex dominates 87% of Iran’s crypto volume. The platform and peers subsequently went offline, with ethereum address data showing frozen outbound transactions.

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