Iran's largest cryptocurrency exchange, Nobitex, has not experienced sustained user-led withdrawals following recent U.S.-Israel strikes on Iran. According to Odaily, independent analyses by TRM Labs and Chainalysis indicate that while there was a temporary surge in activity and increased fund outflows across major Iranian exchanges, Nobitex remained stable.
The report reviewed Nobitex's on-chain activity since the strikes on February 28. It revealed a noticeable increase in activity shortly after the strikes, including transactions exceeding $35 million from hot wallets to cold wallets. However, TRM Labs suggests these transfers likely represent internal fund management by the exchange rather than panic withdrawals by users.