[Analysis: No Significant Signs of Capital Flight from Iran's Largest Cryptocurrency Exchange Nobitex] According to a report by Jinse Finance, independent analyses by TRM Labs and Chainalysis indicate that while blockchain data shows a brief surge in activity and increased outflows across Iranian exchanges, Iran's largest cryptocurrency exchange, Nobitex, has not exhibited sustained user-driven withdrawal patterns following U.S.-Israeli actions against Iran. The TRM report tracked Nobitex's on-chain activity after the U.S.-Israeli attack on Iran on February 28, revealing a noticeable increase in activity on the platform immediately after the incident, including the transfer of over $35 million from hot wallets to cold storage. However, TRM noted that these transfers were likely internal fund allocation operations by the exchange. The report stated: 'Based on historical behavior and wallet attribution analysis, these fund movements align with routine liquidity management practices rather than user-driven withdrawal activities.'