- Iranian crypto flows fell 11% in 2025.
- Nobitex hack led to $90M loss.
- Market confidence collapsed, triggering outflows.
Iran’s cryptocurrency activities declined by 11% in 2025 following a significant hack on Nobitex and geopolitical tensions with Israel, impacting digital asset flows predominantly within Tron’s USDT and Polygon’s DAI ecosystems.
The reduction underscores digital instability and user migration from sanctioned platforms, presenting challenges for investors navigating security and geopolitical risks affecting local exchanges and stablecoin viability.
Iranian cryptocurrency flows witnessed a significant decline of 11% in 2025. This drop followed the cyberattack on Nobitex and geopolitical tensions involving Israel.
The predatory Sparrow hacking group exploited a vulnerability, resulting in nearly $90 million being extracted from Nobitex’s hot wallets. Iranian authorities are responding by encouraging migration to other platforms.
The hacking incident fueled massive shifts in crypto holdings as users sought to safeguard assets. USDT on TRON, being the most affected, showed capital flight. Many Iranian crypto users sought alternative networks.
The attack and ensuing market panic accelerated capital movement to different platforms. Tether subsequently blacklisted 42 wallets. Users transferred to DAI on Polygon, driven by influencer recommendations.
Iran’s crypto market is adapting to these challenges with new strategies and technology shifts. Historical trends show that Iranian exchanges are pivoting to resilient protocols, driven by privacy and regulation concerns.
TRM Labs (Analyst Report) – “The Nobitex hack has drastically shifted liquidity from popular platforms, highlighting vulnerabilities in the Iranian crypto infrastructure and causing an unprecedented 11% drop in overall crypto flows.” source
The aftermath instigated regulatory deliberations and technological pivots. Future regulatory actions might emphasize more secure protocols, as stakeholders eagerly navigate a shifting landscape.
