Elliptic reports that Nobitex, Iran's largest cryptocurrency exchange, experienced a 700% surge in outflow transactions within minutes of the first US-Israel airstrikes on Iran. This spike is suspected to be capital flight circumventing traditional banking systems. In 2025, Nobitex handled $7.2 billion in crypto transactions and has over 11 million users. The exchange is reportedly linked to financial activities involving the Iranian Revolutionary Guard Corps, and the central bank allegedly used it in January to support the rial's exchange rate.
Nobitex Sees 700% Surge in Outflows Amid US-Israel Airstrikes on Iran
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