Iranian Crypto Exchange Begins Wallet Restoration After $90M Hack
2025-07-01 21:55:48
Main Idea
Iranian cryptocurrency exchange Nobitex has begun restoring wallet access after a $90 million hack, prioritizing verified users and warning against depositing to old addresses.
Key Points
1. Nobitex was hacked on June 18, losing over $90 million to a group called Gonjeshke Darande (Predatory Sparrow).
2. Wallet access reinstatement started on June 29, with verified users prioritized and completion expected by mid-July.
3. Users are advised not to deposit cryptocurrency to old addresses, as funds sent there may be permanently lost.
Description
The Iranian cryptocurrency exchange Nobitex has begun a phased resumption of user wallet access following a significant hack that resulted in the loss of over $90 million. Focus on Spot Wallets The recently hacked Iranian cryptocurrency exchange, Nobitex, has begun a phased resumption of user wallet access following the incident. The move marks a key
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