Iranian crypto flows fall 11% on Israel conflict, Nobitex hack: TRM Labs
Iran crypto flows dropped 11% so far this year to July, amid conflict with Israel, a $90 million hack on local crypto exchange Nobitex and Tether freezing 42 wallets.
Flows into Iranian crypto trading platforms have fallen in 2025 due to a breakdown in nuclear negotiations with Israel, a $90 million hack on Iran’s largest crypto exchange, and a major stablecoin blacklisting, says blockchain analytics firm TRM Labs.
Iranian crypto flows hit $3.7 billion between January and July, an 11% decrease compared to the same period last year, with the worst drop off coming in June and July, TRM Labs said in a report on Tuesday.
Iran’s crypto flows started to sharply drop in June, just after the $90 million hack on Nobitex, which handles 87% of the country’s crypto transactions.
