Iran Crypto Flow Dem Drop 11% Reach $3.7B Amid Tension & Hack

One report from TRM Labs show say cryptocurrency wey involve Iranian people get drop by 11% from last year to $3.7 billion between January and July 2025. The drop quicken after April because nuclear talks collapse, June fight with Israel and big power cuts. Nobitex wey handle more than 87% of local volume suffer $90 million hack for middle of June, and Tether freeze 42 flagged address, wey disrupt TRC-20 USDT and TRX settlements. Traders begin use DAI on Polygon and other worldwide platforms wey get loose KYC. Illegal trades still low at 0.9% of volume, while normal Iranians dey use crypto to protect against inflation. On-chain connections to IRGC people and surveillance code on Nobitex don make people lose trust. But mining revenue still dey, underground KYC-bypass service dey increase, and crypto dey help people waka around sanctions and do foreign payments.