Iran restricts crypto exchange hours after $100M Nobitex hack

Iran’s central bank has imposed new operating hour restrictions on domestic crypto exchanges (10 a.m. to 8 p.m.) following a $100 million hack on Nobitex, the country’s largest exchange, by pro-Israel hacker group Gonjeshke Darande.

Chainalysis reported that the attack appeared politically motivated, as the hackers burned all the stolen assets — including Bitcoin, Ether, Solana, Dogecoin, and XRP — making them unrecoverable. Nobitex said the situation is now “under control,” with all hot wallets being moved to cold storage and the Nobitex Reserve Fund covering user losses.