Foresight News reports that according to blockchain analytics firm Elliptic, within minutes of the U.S. and Israel launching airstrikes on Tehran last weekend, the outflow of funds from Iran’s largest cryptocurrency exchange Nobitex surged by 700%. Elliptic noted that trading volume nearly immediately spiked after the airstrikes, indicating that funds were accelerating to flow to overseas exchanges, which could suggest capital flight bypassing traditional banking systems.
Nobitex handled $7.2 billion in cryptocurrency transactions in 2025 and has over 11 million users. Elliptic previously linked the exchange to financial activities associated with Iran’s Islamic Revolutionary Guard Corps (IRGC). The report also mentioned that during the anti-regime protests and subsequent internet shutdown in Iran on January 9 this year, a similar peak in fund outflows occurred.
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