On February 28, 2026, U.S. and Israeli airstrikes targeted Iranian military and leadership facilities, resulting in the death of Supreme Leader Ayatollah Ali Khamenei. This escalation triggered a significant response from Iranian citizens, with blockchain analytics firm Elliptic reporting a 700% surge in outflows from Nobitex, Iran's largest crypto exchange. New data from U.S. blockchain research company Chainalysis revealed that more than $2 million in crypto left Iranian exchanges within the first hour after the strikes, indicating an immediate reaction to the geopolitical crisis.
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Iran Cryptocurrency Outflows Surge After US-Israel Air Strikes
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Following the February 28 airstrikes that killed Iran's Supreme Leader, over $2 million in crypto left Iranian exchanges within the first hour. This surge reflects a broader trend of capital flight, with approximately $10.3 million exiting between February 28 and March 2 as citizens seek to safeguard their assets.
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