Iran’s Nobitex Starts Recovery Efforts After $90M Exploit
2025-06-30 04:35:43
Main Idea
Iran's largest crypto exchange, Nobitex, suffered a $90M cyberattack, prompting recovery efforts and regulatory responses, including restricted operating hours for domestic exchanges.
Key Points
1. Nobitex, Iran's largest crypto exchange, lost over $90M in a cyberattack and has begun a gradual recovery process for verified users.
2. Users risk losing funds if they send deposits to outdated wallet addresses due to a full system migration.
3. Iran's central bank intervened, and authorities ordered domestic crypto exchanges to limit operations between 10am and 8pm.
4. The pro-Israel hacking group Predatory Sparrow (Gonjeshke Darande) claimed responsibility for the breach.
5. The incident has shaken user confidence and raised concerns about cybersecurity in Iran's expanding digital asset ecosystem.
Description
Iran’s largest crypto exchange, Nobitex, has begun restoring user access to wallets after suffering a major cyberattack that drained over $90m in assets earlier this month. In a statement issued Sunday, the Tehran-based platform said that wallet access was being reactivated in phases, beginning with verified users and spot wallets. Other wallet types will follow, contingent on the completion of identity checks. Nobitex urged users to complete verification promptly and noted that wallet balances ...
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