When US-Israeli strikes on Iran began last weekend, local crypto activity did not explode in a rush for the exits. Instead, transaction volumes and flows on Iranian platforms fell sharply as authorities enforced sweeping internet restrictions and exchanges shifted into defensive operations. TRM Lab's analysis shows that Iran’s largest exchange, Nobitex, recorded around $3 million more in combined inflows and outflows around the strikes. However, these movements remain within its historic operating range and likely reflect internal treasury shifts rather than capital flight. Despite the escalating conflict in the ... (full story)