Iran’s top digital asset exchange saw a significant increase in withdrawals within minutes of the United States and Israel launching strikes in Tehran last Saturday, potentially representing capital flight from Iran.

According to a report from blockchain analytics firm Elliptic on Monday, digital asset outflows from Iranian exchange Nobitex surged within minutes of the first U.S.-Israeli attack on Iran on February 28, with outgoing transaction volumes spiking by 700%.

With more than…