Panic causes massive fund withdrawals from Iran’s largest crypto exchange amid US and Israel attacks
Following a series of US and Israeli strikes, users have massively withdrawn funds from the Iranian cryptocurrency exchange Nobitex, with outflows rising by about 700%. This is significant as the platform plays a pivotal role in the local market.
In 2025 alone, Nobitex processed transactions worth approximately $7.2 billion and serves over 11 million users. Such scale makes the exchange vital to Iran’s crypto ecosystem. The panic-induced withdrawals may disrupt the platform’s operations and impact the country’s economy.
The coming period will show whether Nobitex can stabilize its operations and regain user trust, as well as how this situation will affect the regional crypto market overall.
