TRM Labs: Iran's crypto volumes drop 80% after Feb. 28 strikes but exchanges stay online

TRM Labs reported that trading volumes on Iranian crypto exchanges fell about 80% between Feb. 27 and March 1 following U.S. and Israeli military strikes, mainly due to internet restrictions. The firm said major domestic platforms remained operational in a risk-managed mode with suspended USDT-toman trading, thinner liquidity and withdrawal limits, and cautioned against interpreting recent flows as clear evidence of capital flight.