Iran's largest cryptocurrency exchange, Nobitex, experienced a 700% surge in crypto outflows following US-Israel airstrikes on Tehran, according to Elliptic monitoring. The exchange, which processed $7.2 billion in transactions in 2025 and serves over 11 million users, saw significant fund transfers to overseas exchanges, indicating potential capital flight. This event follows a previous spike in outflows on January 9 amid protests and internet shutdowns. In the aftermath of the airstrikes, Bitcoin briefly dipped below $64,000 before recovering to around $65,500, while Ethereum fell to approximately $1,930.