Iranian crypto exchange Nobitex partially restarts amid scrutiny following hack
2025-06-30 10:28:39
Main Idea
Iranian cryptocurrency exchange Nobitex has partially resumed operations following a $100 million hack by pro-Israel hacking group Gonjeshke Darande, amid ongoing scrutiny and regulatory measures.
Key Points
1. Nobitex, Iran's largest crypto exchange, resumed operations on June 30, 2025, after a cyberattack resulted in a $100 million loss.
2. The hack was carried out by Gonjeshke Darande (Predatory Sparrow), which siphoned cryptocurrencies and leaked Nobitex's source code and internal data.
3. Nobitex confirmed that its cold wallets remained secure, but the breach exposed vulnerabilities in its hot wallet infrastructure.
4. The Central Bank of Iran imposed a curfew on crypto transactions as a precautionary measure following the incident.
5. Chainalysis data shows Nobitex processed over $11 billion in transactions, playing a significant role in Iran's crypto economy.
Description
Iran’s largest cryptocurrency exchange, Nobitex, has resumed operations, little over a week after it was targeted by a politically motivated cyberattack that resulted in the loss of $100 million in digital assets. Nobitex has begun restoring wallet access in phases, operators of the exchange said in a June 29 post on X. The process is being rolled out gradually, starting with verified users and prioritising spot wallet services. Access to other wallet types will follow as the system stabilises. ...
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