700% Crypto Outflows: Iranian Investors Flee Exchanges After Airstrikes

Iranian crypto users rushed to pull funds from domestic exchanges after U.S.–Israel airstrikes, triggering a 700% surge in outflows from the country’s largest platform. Nobitex has over 11 million users and posted $7.2 billion in trading volume in 2025. Blockchain analytics firm Elliptic recorded the spike within minutes of the strikes.

Nobitex has been linked to the Islamic Revolutionary Guard Corps and was reportedly used by Iran’s Central Bank to support the rial. As of March 2, Chainalysis said several Iranian exchanges, including Nobitex and Ramzinex, had gone offline—possibly because of government-ordered internet shutdowns or infrastructure damage from the bombings.

On-chain data flagged by Arkham Intelligence shows Nobitex halted outgoing transactions on its Ethereum address over the past two days. TON transactions continue on the platform, though analysts suspect bot activity, and DOGE is currently the largest asset held.

Iran

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