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, the $90 million hack of local crypto exchange Nobitex and Tether freezing 42 wallet addresses.

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. 

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