Crypto volume on Iranian exchange surges 700% after US-Israeli airstrike

Crypto transaction volume moving out of Iran's largest exchange, Nobitex, surged by 700% within minutes following the U.S. and Israeli airstrike on Tehran, CoinDesk reported. According to blockchain analytics firm Elliptic, the funds were primarily transferred to overseas exchanges. Elliptic suggested this could indicate capital flight from Iran, bypassing sanctions on the traditional banking system.