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Users withdrew $3 million from the Nobitex exchange following strikes on Iran., 2026/03/03 12:32:25
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The outflow of cryptocurrency from the largest Iranian exchange, Nobitex, surged by 700%, reaching $3 million following attacks by the United States and Israel on Iranian territory. This information was reported by analysts from the blockchain firm Elliptic. A significant portion of the funds is being transferred to foreign crypto exchanges and platforms.
Since the beginning of the year, experts have noted several peaks in fund withdrawals. The largest spike occurred on January 9, coinciding with widespread protests in Iran. After the internet was shut down, the volume of cryptocurrency transfers abroad significantly decreased, although it did not stop entirely. Analysts believe this may indicate that some users retained access to their assets even when the exchange’s website was unavailable.
The Nobitex platform enables trading in Iranian rials and the withdrawal of digital assets to non-custodial wallets. This allows users to move funds outside the country, partially circumventing restrictions imposed by the international banking system, as noted by Elliptic. According to analysts, approximately $7.2 billion passed through the exchange in 2025, with the user base exceeding 11 million.
In terms of transaction volume, Nobitex significantly outpaces other Iranian crypto platforms. Data from Chainalysis indicates that the total inflow of funds throughout the platform’s operation has reached approximately $11 billion. In comparison, the ten largest Iranian crypto exchanges collectively processed around $7.5 billion.
In January, an investigation by Elliptic linked Nobitex to the financial activities of the Islamic Revolutionary Guard Corps (IRGC). Analysts also reported that the Central Bank of Iran utilized the platform to support the rial’s exchange rate by purchasing USDT worth approximately $507 million.
At the end of January, the U.S. Department of the Treasury imposed sanctions on two British crypto exchanges—Zedcex and Zedxion—which, according to U.S. authorities, were used by the IRGC to withdraw cryptocurrency from Iran.
