Elliptic: Nobitex Outgoing Volume Soars 700% After US and Israel Airstrikes on Iran

On March 2, 2026, Elliptic reported that crypto outflows from Iran's largest exchange Nobitex surged 700% following US and Israel airstrikes. Elliptic's co-founder Tom Robinson says the spike may signal capital moving out of Iran via crypto channels. Nobitex, which has over 11 million users and handled $7.2 billion in transactions last year, has seen repeated outflow surges in response to protests, internet outages and new US sanctions.