According to reports, Iran’s on-chain crypto activity fell sharply in the first half of 2025. Inflows totaled $3.7 billion in the first seven months, a 10% drop from the same period in 2024. The slump accelerated after April: June flows contracted 50% year-on-year and July tumbled 75%.

Major Exchange Breach Shakes Trust

Based on a TRM Labs report , a major security breach hit Nobitex on June 18. Roughly $90 million was taken from hot wallets, source code was leaked, and some stolen coins were steered to vanity addresses that referenced the Islamic Revolutionary Guard Corps.

Outflows from the exchange spiked — more than 150% in the week before the fighting — as traders moved funds to what they saw as safer places. Trust, already fragile, was seriously damaged.

Inbound Transactions C

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