Iranian crypto asset outflows surge: peak exceeds $2 million per hour

WuSaidBlockchainW · 2026-03-03T13:30:11+00:00

Chainalysis report shows that after the US-Israel airstrike on Iran on February 28, there was a peak in fund outflows from Iranian cryptocurrency exchanges, with approximately $10.3 million flowing out. The outflow was significantly higher than normal levels, possibly related to users transferring assets and exchanges adjusting liquidity.

WuSaidBlockchainW

2026-03-03 13:30:11

Abstract generation in progress

Chainalysis reports that after the U.S. and Israel launched airstrikes against Iran on February 28, there was a peak in capital outflows from local Iranian cryptocurrency exchanges. Between February 28 and March 2, approximately $10.3 million worth of crypto assets were withdrawn, with peak hourly outflows approaching or exceeding $2 million, significantly higher than normal levels. Chainalysis notes that it is currently difficult to determine the specific sources of these funds, which may include: ordinary users transferring assets to self-custody wallets, exchanges adjusting liquidity structures under sanctions pressure, or cross-border fund movements related to state entities. Elliptic previously disclosed that the Central Bank of Iran has purchased about $507 million worth of USDT over the past year, injecting dollar liquidity into the domestic market through the country’s largest exchange, Nobitex. (Decrypt)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.