Outflows from Iranian crypto exchanges spiked in the hours after the U.S. and Israeli strikes on Iran on Saturday, two blockchain analytics companies said, although researchers added it was not possible to be certain what was behind the moves, APA reports.
Funds leaving Iranian crypto exchanges jumped sharply to hit more than $2 million in the hour after the strikes began, U.S. blockchain research company Chainalysis said. Reuters' first reports of the strikes were around 0615 GMT on Saturday.
British blockchain researchers Elliptic said outflows from Iran's largest crypto exchange, Nobitex, peaked at $2.89 million between 1100 and 1200 GMT on Saturday, a roughly eightfold increase compared with the previous day's peak hourly outflows.
Overall, crypto worth $10.3 million left Iranian crypto exchanges between Saturday and Monday, Chainalysis said.
Nobitex was not available for comment.
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