Odaily Planet Daily reports that, according to independent analyses by TRM Labs and Chainalysis, Iran’s largest cryptocurrency exchange, Nobitex, did not experience a sustained, user-driven run following the U.S.-Israel strike on Iran. Although on-chain data showed a brief surge in activity and increased fund outflows across Iranian exchanges more broadly.
The report reviewed Nobitex’s on-chain activity since the U.S.-Israel strikes against Iran on February 28. The findings showed a noticeable increase in platform activity shortly after the strikes, including transactions transferring over $35 million from hot wallets to cold wallets. However, TRM noted that these transfers were likely internal fund management operations by the exchange, rather than user panic withdrawals. (Cointelegraph)