Iran's largest exchange hacked, central bank is anxious: All crypto platforms limited to operating hours!

Iran's largest cryptocurrency exchange, Nobitex, has suffered a severe hacking attack, resulting in losses exceeding $90 million, marking the most serious on-chain security incident in the country's history.

After the incident was exposed, the Central Bank of Iran immediately ordered:

All national crypto platforms' operating hours to be uniformly restricted from 10 AM to 8 PM.

The reason is straightforward:

During non-working hours, there is no one monitoring the market or handling anomalies, and when hackers strike, they have the whole night; vulnerabilities are discovered late, tracking is slow, and loss mitigation is even slower.

It’s simply better to allow trading only when someone is at work, thus reducing the risk of incidents.

What do you think?

This move seems like an upgrade in regulation, but it actually looks more like a stopgap measure due to technological lag.

Nobitex is at least a leading platform in the country, yet it lacks even the most basic real-time on-chain monitoring, allowing hackers to easily transfer over $100 million, which is the biggest problem.

As for limiting operating hours, it fundamentally doesn’t solve the issue:

Hackers don’t care what time it is;

User assets are limited to time-based trading, directly discounting liquidity;

There’s not even overnight risk control, so how can there be any talk of regulation?

The real hidden danger is:

Hackers don’t take breaks, but the exchange does?

Relying on working hours to patch things up can prevent one incident, but not the next;

Once user confidence collapses, they’ll run faster than the hackers.

Iran's response is hasty, but it's off target.

Instead of limiting user hours, it would be better to improve backend systems, on-chain risk control, and emergency mechanisms.

Otherwise, the next threat might not be hackers, but a wave of users running away.