The post Iranian Exchange Outflows Spiked to $10.3M Amid Airstrikes: Chainalysis appeared on BitcoinEthereumNews.com.

Iranian crypto exchanges saw a sharp burst of on-chain activity in the hours following joint US-Israeli airstrikes on February 28, with roughly $10.3 million in cryptoasset outflows recorded between February 28 and March 2, according to a new report from blockchain analytics firm Chainalysis. Hourly outflows from major Iranian platforms climbed sharply once news of the strikes broke, approaching or exceeding $2 million within several hours, well above typical volumes for that time frame, according to the report. Here’s what 🇮🇷 Iran’s post‑airstrike crypto spike can, and can’t, tell us. 🔹 On-chain data shows a sharp increase in activity from major Iranian exchanges in the hours following the Feb 28 US-Israeli airstrikes, with roughly $10.3M in cryptoasset outflows between Feb 28 and… pic.twitter.com/2tA6GDvhnz — Chainalysis (@chainalysis) March 3, 2026 In January, Chainalysis reported that total crypto activity tied to Iran reached $7.8 billion in 2025, driven by a “collapsing rial, inflation running at historic highs, and sanctions” that have severed the country from conventional dollar-denominated financial infrastructure. That report documented how on-chain activity has consistently surged around major shocks, from the Kerman bombings in early 2024 to direct military exchanges between Iran and Israel across 2024 and 2025. The authors of the latest report wrote that in the immediate aftermath of the weekend’s strikes, it is “too early to say how much of the activity” reflects ordinary Iranians moving into self-custody, exchanges reshuffling liquidity, or state-aligned actors repositioning funds. Meanwhile, Iran’s central bank quietly accumulated $507 million in Tether’s USDT stablecoin over the past year, according to blockchain intelligence firm Elliptic, routing most of it through Nobitex, Iran’s largest exchange, to inject dollar liquidity into the domestic market and prop up the rial. TRM Labs also found that two UK-registered crypto exchanges, Zedcex and Zedxion, moved $619.1 million on behalf…

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Filed under: News - @ March 3, 2026 1:31 pm