Cryptocurrency Outflows from Iran's Largest Exchange Surge 700% Following US-Israel Airstrikes

Odaily News According to Elliptic monitoring, within minutes of the initial US-Israel airstrikes on Tehran, cryptocurrency outflow transaction volume from Iran's largest exchange, Nobitex, surged by 700%. Elliptic stated that Nobitex processed $7.2 billion in cryptocurrency transactions in 2025 and has over 11 million users. Fund flow data indicates the cryptocurrency was sent to overseas exchanges, which may represent capital flight evading the traditional banking system. Additionally, Elliptic had previously detected an outflow peak on January 9th due to protests and internet disruptions. Following the airstrikes, Bitcoin briefly fell below $64,000 before recovering to around $65,500, while Ethereum dropped to around $1,930.