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.
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