๐ฎ๐ท Iranโs Top Crypto Exchange Nobitex Hacked for $100M; Central Bank Imposes Trading Hour Restrictions
Following a major hack on Nobitex, Iranโs largest crypto exchange, which resulted in the loss and subsequent โburningโ of over $100 million, the Central Bank of Iran has issued a new directive: all domestic crypto exchanges may now operate only between 10:00 AM and 8:00 PM local time.
The move is aimed at strengthening oversight, limiting capital flight, and managing systemic risks amid rising political tensions.
Nobitex stated that it has disconnected all remote access, moved funds from hot wallets to cold storage, and will use its Reserve Fund to fully compensate affected customers.
The breach underscores increasing vulnerabilities in regional crypto infrastructure and the growing pressure on regulators to tighten controls.
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