Iran's largest crypto exchange, Nobitex, has seen a significant increase in withdrawal from its customers as war escalates, following US and Israeli strikes targeting Iranian military infrastructure and leadership facilities in Tehran. The move comes as Iran's infrastructure is under attack and the national leadership is shaken. Cryptic analytics firm Elliptic revealed that outflow of funds from Iran's largest exchange surged 700% within minutes of the first strikes. The firm believes this activity could potentially represent capital flight from Iran bypassing the traditional banking system. Other spikes in outflows occurred earlier this year following widespread demonstrations and government-imposed internet blackout. There are also concerns that Iranian crypto platforms may facilitate sanctions evasion.