As has been said about old-timey bank runs: "If you are going to panic, panic early."
From CoinDesk, March 3:
The blockchain analytics firm said flows from Iran’s largest exchange spiked immediately after U.S.-Israeli strikes on Tehran, pointing to possible capital flight.
- Outgoing crypto transactions from Iranian exchange Nobitex surged 700% within minutes of the initial strikes at the weekend, per Elliptic.
- The analytics firm linked other spikes in outflows to U.S. sanctions announcements and January unrest followed by an internet blackout.
- Funds appear to be moving to overseas exchanges, potentially bypassing banking controls, the report said.
Crypto outflows from Iran’s largest exchange jumped 700% within minutes of the first U.S.-Israeli airstrikes on Tehran, blockchain analytics firm Elliptic said in a Monday blog post.
Elliptic said transaction volumes leaving Nobitex spiked almost immediately after the strikes, suggesting a rush to move funds offshore. Initial blockchain tracing indicates the crypto was sent to overseas exchanges that have historically received significant inflows from Iran....
....MUCH MORE
Iran Internet Status is showing severe disruptions although a couple other DownDetector type services are showing some internet connectivity coming back.
For example, the late Ayatollah's official website has been up for most of the last 36 hours though at times it is very slow to load:
