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Iran's Largest Exchange Sees 700% Increase in Cryptocurrency Outflows Following U.S.-Israeli Airstrikes
Svmuu News: According to Elliptic’s monitoring, within minutes of the U.S. and Israel launching their first round of airstrikes against Tehran, cryptocurrency outflow volume from Nobitex, Iran’s largest exchange, surged by 700%.Elliptic noted that Nobitex processed $7.2 billion in cryptocurrency transactions in 2025 and has over 11 million users. The flow of funds indicates that cryptocurrency was sent to overseas exchanges, which may represent capital flight evading the traditional banking system.Additionally, Elliptic had previously observed a peak in outflows on January 9 due to protests and internet blackouts. Following the airstrikes, Bitcoin briefly fell below $64,000 before rebounding to around $65,500, while Ethereum dropped to around $1,930.
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