Eightfold Surge in Capital Flight from Iranian Cryptocurrency Exchange Amid Conflict

At Iran's largest cryptocurrency exchange, Nobitex, there was a record outflow of funds, reaching 700% of the usual rate, as revealed by blockchain analytics firm Elliptic in their latest report. Immediately following the airstrikes on February 28, the volume of outflow transactions (wallet withdrawals) from Nobitex surged to eight times the normal level. At the peak, approximately $3 million (about 470 million yen) worth of assets were transferred out of the exchange within just one hour...