Published Wed, Mar 4, 2026 · 06:26 AM

[PARIS] Outflows from Iranian crypto exchanges spiked in the hours after the US and Israeli strikes on Iran on Saturday (Feb 28), two blockchain analytics companies said, although researchers added it was not possible to be certain what was behind the moves.

Funds leaving Iranian crypto exchanges jumped sharply to hit more than US$2 million in the hour after the strikes began, US blockchain research company Chainalysis said. Reuters’ first reports of the strikes were around 0615 GMT on Saturday.

British blockchain researchers Elliptic said that outflows from Iran’s largest crypto exchange, Nobitex, peaked at US$2.89 million between 1100 and 1200 GMT on Saturday, a roughly eight-fold increase…