BlockBeats News, March 4th, according to Cointelegraph, independent analyses by TRM Labs and Chainalysis showed that following the US strike against Iran, Iran’s largest cryptocurrency exchange, Nobitex, did not experience sustained, user-driven runs on the bank. Although on-chain data indicated a temporary surge in activity and increased outflows across major Iranian exchanges.
The report examined Nobitex’s on-chain activity since the US strike against Iran on February 28th. The results revealed a significant increase in activity on the platform shortly after the strike, including transactions of over $35 million from hot wallets to cold wallets. However, TRM stated that these transfers were likely part of the exchange’s internal fund management operations rather than panic withdrawals by users.
