Withdrawals from Iran’s leading cryptocurrency exchange surged over 700% as the United States and Israel launched coordinated airstrikes on Tehran on Saturday.
Summary
- Crypto withdrawals from Nobitex jumped over 700% within minutes of US and Israeli airstrikes.
- Elliptic linked the spike to potential capital movement abroad as users sought economic flight to safety.
Data tracked by blockchain analytics firm Elliptic shows that Iranian crypto users withdrew over $500,000 within minutes of the first strikes, before the figure hit as high as nearly $3 million between Feb. 28 and March 1.
According to the report, Iranians are using digital assets as a channel to move…
