Iran’s crypto market has been significantly impacted by geopolitical tensions and security breaches, as crypto flows fell 11% in 2025, with major events including the Nobitex hack and Tether wallet freezes.
Iran’s cryptocurrency inflows fell by 11% from January to July 2025, totaling $3.7 billion, largely due to the $90 million Nobitex hack and Tether freezing 42 wallets. The sharpest drops occurred in June and July 2025, following geopolitical disruptions and security concerns.