Iran crypto flows fall 11% on Israel conflict, Nobitex hack: TRM Labs

Iran crypto flows have dropped 11% 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, an armed conflict, a $90 million hack on Iran’s biggest crypto exchange and a major stablecoin blacklisting, blockchain analytics firm TRM Labs said.

Iranian crypto flows hit $3.7 billion between January and July, an 11% decrease from the year-earlier period, with the worst drop off coming in June and July, TRM Labs said in a report on Tuesday.

Iran’s crypto flows started to drop more sharply in June, just after the $90 million hack on Nobitex, which handles 87% of the country’s crypto transactions. 

Read more