"Crypto outflows from Nobitex, Iran's largest cryptocurrency exchange, surged 700%, according to blockchain analytics firm Elliptic. The spike was capital flight, executed in real time, by Iranians racing to move money out of a country suddenly under full-scale military bombardment."
"Nobitex processed $7.2 billion in crypto transactions in 2025 and serves more than 11 million users, Elliptic said. It allows Iranians to convert rials into crypto and withdraw to external wallets which is a direct pipeline around the country's crippled banking system and the web of international sanctions choking it."
"The outflows potentially represent capital flight from Iran that bypasses the traditional banking system, said Dr. Tom Robinson, Elliptic's co-founder."
During U.S.-Israeli military strikes on Tehran, cryptocurrency outflows from Nobitex, Iran's largest exchange, surged 700% as Iranians executed rapid capital flight. Nobitex processes $7.2 billion in annual crypto transactions and serves 11 million users, providing a critical pathway around Iran's sanctioned banking system. The outflows moved to overseas exchanges historically receiving Iranian inflows, indicating funds were being relocated out of the country. Similar spikes occurred during January anti-regime protests and internet blackouts, as well as following U.S. sanctions announcements. Cryptocurrency functioned as an escape mechanism for capital during geopolitical crises and government restrictions.
#cryptocurrency-capital-flight #iran-sanctions-evasion #geopolitical-crisis-response #blockchain-analytics
Read at Bitcoin Magazine
Unable to calculate read time
Collection
[
|
...
]