The Nobitex cryptocurrency exchange in Iran is in the process of restoring the display of user wallet balances in stages, starting with verified accounts. Identity verification is a mandatory condition for accessing wallets, aimed at enhancing security in the context of the exchange recently suffering significant losses across Tron, EVM, and Bitcoin chains. The recovery process is expected to be completed within the week; however, it may change depending on technical conditions and additional security checks required. The following article analyzes the current situation of Nobitex, updating important information regarding the restoration of wallet balances and the impacts from the asset loss incident amounting to tens of millions of dollars.
The process of restoring the display of wallet balances on the Nobitex exchange
Nobitex is implementing the restoration of user wallet balance visibility step by step, prioritizing accounts that have completed identity verification. Initially, the exchange focuses on restoring balances of instant transaction wallets (spot wallets) before expanding to other types of wallets. This ensures information safety and mitigates security risks during processing.
The user identity verification process is a mandatory condition for accessing the wallet after the incident, aimed at enhancing reliability and preventing fraud. Users who cannot view their balance need to patiently wait for verification to regain access. The estimated time to complete this process is mid-week, but it may be extended if there are technical issues or additional security checks are required.
The benefits of identity verification in restoring wallet balances
Identity verification is not only to meet legal processes but also plays an essential role in protecting user assets on the exchange. This helps eliminate fake accounts while blocking unauthorized access activities. Thus, Nobitex can ensure transparency and safety for the cryptocurrency trading system during the recovery period.
Additionally, regaining access to wallet balances after verification enables users to continue trading and managing assets, ensuring no disruption to their important cryptocurrency investment activities on Nobitex.
The impact of the asset loss incident on the Tron, EVM, and Bitcoin chains
Previously, Nobitex announced total damages of approximately $81.7 million across major cryptocurrency chains such as Tron, EVM, and Bitcoin. This incident severely impacted the operation of the exchange and posed significant challenges in restoring stability and transaction safety for users.
The large-scale asset loss has triggered a reassessment of security systems and risk management processes on the platform. Nobitex has also enhanced technical monitoring and raised verification standards to prevent similar risks from occurring in the future.
Solutions and strategies to enhance cryptocurrency transaction safety at Nobitex
Nobitex has implemented numerous in-depth technical measures, including regular security checks, improving secure storage systems, and utilizing advanced encryption technologies to protect customer assets. At the same time, the exchange is enhancing user education about cybersecurity risks and how to protect personal accounts.
This strategy reflects Nobitex's commitment to maintaining safety and stability while providing high-quality cryptocurrency trading services, as well as building strong trust with the domestic and foreign investor community.
Guide users on monitoring and handling when unable to view wallet balances on Nobitex
In case users cannot access or view their temporary wallet balance, the first step to take is to complete the identity verification process according to the exchange's instructions. All checking and updating of personal information must be done accurately to ensure quick restoration of access.
Users should also monitor official announcements from Nobitex to update the recovery progress and any changes related to cryptocurrency wallets. Diligently following these procedures helps mitigate risks and ensures that assets are always in the best-protected state.
Practicing personal security when using the Nobitex cryptocurrency exchange
Users should maintain the habit of regularly updating passwords, using two-factor authentication (2FA), and not sharing personal information or accounts with untrustworthy third parties. These actions are fundamental steps to protect wallets and assets from unauthorized intrusion risks.
Additionally, be vigilant against phishing emails or messages related to the wallet balance recovery process or requests for personal information to avoid scams and asset loss.
Source: https://tintucbitcoin.com/nobitex-trien-khai-hien-thi-so-du-vi/
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