Home BlockchainIranian Exchange Outflows Spiked to $10.3M Amid Airstrikes: Chainalysis

Iranian Exchange Outflows Spiked to $10.3M Amid Airstrikes: Chainalysis

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Iranian Exchange Outflows Spiked to $10.3M Amid Airstrikes: Chainalysis

Iranian crypto exchanges saw a sharp burst of on-chain activity in the hours following joint US-Israeli airstrikes on February 28, with roughly $10.3 million in cryptoasset outflows recorded between February 28 and March 2, according to a new report from blockchain analytics firm Chainalysis.

Hourly outflows from major Iranian platforms climbed sharply once news of the strikes broke, approaching or exceeding $2 million within several hours, well above typical volumes for that time frame, according to the…

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