Within minutes of the first U.S.-Israeli missiles striking Tehran on Saturday morning, a different kind of exodus was already underway. 

Crypto outflows from Nobitex, Iran’s largest cryptocurrency exchange, surged 700%, according to blockchain analytics firm Elliptic. The spike was capital flight, executed in real time, by Iranians racing to move money out of a country suddenly under full-scale military bombardment.​

Nobitex processed $7.2 billion in crypto transactions in 2025 and serves more than 11 million users, Elliptic said. It allows Iranians to convert rials into crypto and withdraw to external wallets which is a direct pipeline around the country’s crippled…

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