Nobitex

Iran has ordered a curfew on domestic cryptocurrency exchanges after a politically motivated attack on the country’s largest trading platform, Nobitex.The funds, which included assets like Bitcoin, Ethereum, Dogecoin, Ripple, Solana, Tron, and Ton, were drained from Nobitex’s hot wallets and subsequently burned, making them permanently inaccessible.
In response to the incident, the Central Bank of Iran restricted the operating hours of all local crypto exchanges, limiting them to between 10 am and 8 pm.
“This operational curfew could signal increasing pressure on exchanges operating within Iran, as the regime attempts to manage systemic risk in a market that plays an outsized role in navigating around global sanctions,” the analytics firm wrote in a recent report.
Pro-Israel hacker group Gonjeshke Darande, also known as Predatory Sparrow, has claimed responsibility and stated that the operation was intended to disrupt Iran’s sanctioned financial infrastructure. The stolen assets were sent to burner wallets without private key access, indicating a deliberate act of destruction.Chainalysis’s findings confirmed that none of the funds were sent to mixers or exchanges, and a significant portion was transferred to addresses labeled with anti-IRGC slogans.Some were sent to blockchain burn addresses, including Ethereum’s “0x…dead” wallet, while a portion of Bitcoin was directed to a provably unspendable address with an invalid checksum.

Nobitex is widely considered a central pillar of Iran’s crypto economy. According to Chainalysis, it has processed over $11 billion in total inflows, more than the combined inflows of Iran’s ten next-largest crypto exchanges.

It acts as the backbone for the majority of on-chain activity in the country and serves as a gateway to global markets for users cut off from traditional finance due to international sanctions.

Beyond its domestic role, Chainalysis linked Nobitex to wallets associated with a range of sanctioned and illicit actors. These include ransomware operators affiliated with Iran’s Islamic Revolutionary Guard Corps, pro-Hamas media channels such as Gaza Now, and sanctioned Russian crypto exchanges including Garantex and Bitpapa.
The Nobitex hack followed a series of Israeli airstrikes inside Iran, part of ongoing military and cyber tensions between the two countries. The attackers published inflammatory wallet labels and threatened to release internal source code and infrastructure data unless Nobitex users withdrew funds.
In its official response, Nobitex said user assets remain secure in cold storage and that all hot wallets have been emptied. It also confirmed that its reserve fund would fully cover the losses and that it has taken steps to bolster platform security, including migrating funds to new offline#altcoins #BinanceSquareFamily ##BTC☀️ #TON #Nobitex

Nobitex Crypto Exchange, has officially begun restoring wallet access. After suffering a massive $90 million hack earlier this month. It is the larget cryptocurrency platform in Iran. In a new update posted on X (formerly Twitter), they confirmed that wallet access has now started for verified users. They will begin with spot wallets. The reopening process will continue in phases as the platform works to regain user trust and restore its services.

Source: Nobitex X Handle
Identity Verification Now a Must
As part of the recovery steps, Nobitex crypto exchange has made identity verification mandatory for accessing wallets. The process started two days ago and is now a key requirement for unlocking user accounts. Spot wallets are being prioritized, while other wallets will be accessible once full verification is completed.
If a user’s wallet balance is not yet visible, the organisation urges patience, stating the information will be released in phases after all details are confirmed secure. The platform aims to wind up the verification and access process by mid-week.  Delays may occur due to added security checks. 
Withdrawal, Deposit, and Trading to Resume 
Nobitex crypto exchange is also preparing to resume withdrawal, deposit, and trading services for verified users. These functions will return in steps, ensuring that users who meet the security checks can operate their accounts safely. The team is working hard to keep delays minimal and avoid any additional disruption to user activity.
Users are Advised 
Importantly, the Nobitex crypto exchange warned all users not to use their old wallet addresses. As part of a full system migration, old addresses are now invalid. 
Any cryptocurrency sent to them could be permanently lost. Communite members are advised to remove saved old addresses from mining rigs or apps and wait for new ones to be issued by the platform. 
The Cyberattack That Shook Iran’s Digital Asset's Market
This recovery follows the Nobitex Crypto Exchange suffering a massive cyberattack in early June, with hackers making off with some $90 million in digital currencies from Bitcoin, Dogecoin, and other tokens. 
The hacking was conducted by Gonjeshke Darande, a recognized anti-Iranian hacktivist collective suspected of having Israel connections. It was during the ongoing tensions between Iran and Israel war. 
The community alleged that the platform was assisting the Iranian government in evading sanctions from the U.S. and even financing terror. In protest, they destroyed the stolen cryptocurrency by forwarding it to burn addresses with insulting anti-IRGC messages. 
This was followed by Iran issuing an emergency crypto exchange curfew restricting trading hours. It also includes imposing stricter regulations to avoid the recurrence of such incidents. Among new rules were daily withdrawal caps, enhanced KYC requirements, and routine audits for all exchanges. 
Nobitex’s Role in Iran’s Crypto Economy
Nobitex crypto exchange is not just a regular platform in Iran, it serves over 10 million users and has processed more than $11 billion in cryptocurrency transactions. It’s often used by citizens to send funds abroad, fight inflation, and avoid financial sanctions. Reports say that working for the organisation is seen by some as equal to serving the country.
With the platform down, many users were locked out and uncertain about the safety of their funds. The stolen funds were declared unrecoverable. They moved the remaining assets to cold storage. Also activated a reserve fund to cover any potential losses. 
What’s Next for Nobitex?
Nobitex Crypto Exchange got back into business with limited activity but the damage has already been done. The exchange has not clarified yet whether they will fully reimburse the affected users. They have also not provided how much user data is compromised because of the hack. 
Up to date, wallet balances can be viewed by verified user only, and the support of trading is yet to be restored completely. 

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#Nobitex #CryptoExchange #WalletAccess #CryptoHack

Iran’s Nobitex (the country’s largest exchange) was hit for about $90M. The hack likely mixed phishing with server exploits, then funneled funds through mixers. A geopolitical twist arose – state-sponsored fingers were pointed. This attack rattled Iran’s sanction-constrained crypto market. 🛡️🌐
#Nobitex #CryptoAttack #iran
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🔹 Iran’s largest crypto exchange is cautiously restoring its services after a devastating cyberattack blamed on pro-Israeli hackers. Operations are resuming gradually, with security as the top priority.

🔹 Wallet Access Returns – But Only for Verified Users
Nobitex announced on Saturday that it has begun phased reactivation of user wallet access, starting with identity-verified users and spot wallets. Balance visibility and other functions will be re-enabled step by step.
The platform emphasized that users must complete identity verification to regain access to deposits, withdrawals, and trading features. While the current recovery schedule targets midweek completion, this timeline may change based on ongoing security checks.

🔹 Old Deposit Addresses Are Now Invalid – Avoid Transfers Without New Info
Due to a full wallet system migration, Nobitex warned users not to use old deposit addresses. Any funds sent to outdated addresses may be permanently lost. This warning is especially crucial for users running automated setups, such as mining rigs or preset withdrawal scripts.
“Previous addresses are no longer valid. Deposits sent to them could result in irreversible loss of funds,” the exchange said.

🔹 Historic Attack Cripples Platform – Estimated Losses Hit $90 Million
The breach is being described as one of the most severe crypto-related security incidents in Iran’s history. Industry sources estimate the damages at $90 million, including frozen assets, halted operations, and technical failures during the migration and security overhaul.
In response, Nobitex has implemented a comprehensive wallet infrastructure upgrade, paired with identity revalidation across its platform – steps that are also slowing down support response times.

🔹 Nobitex Stays Transparent and Thanks Users for Patience
Despite the challenges, the exchange continues to update users via social media and in-app announcements. In a June 29 post, Nobitex thanked users for their patience and reaffirmed its commitment to restoring operations with strong security and data integrity.
Customer support remains available via live chat and phone, though Nobitex acknowledged potential delays in resolving cases due to the complexity of the ongoing situation.

💬 Summary: Nobitex Rises From the Ashes, Focuses on Trust and Security
Following a major cyberattack, Iran’s top exchange is cautiously coming back online. With strict verification, a rebuilt wallet system, and a firm focus on safety, Nobitex hopes to fully restore services by midweek. But the path remains fragile.

#Nobitex , #CryptoSecurity , #CyberSecurity , #CryptoExchange , #CryptoNews

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