CryptoExchange

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 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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*As of today, we track 205 crypto exchanges with a total 24h trading volume of $122 Billion, a -4.44% change in the last 24 hours. Currently, the 3 largest cryptocurrency exchanges are Binance, Bitget, and Bybit. Total tracked crypto exchange reserves currently stands at $260 Billion.

#CryptoNews #CryptoExchange

With the rise of cryptocurrency, crypto exchanges have become prime targets for hackers. From major hacks like the recent $1.4 billion Bybit breach to past security failures, the question remains—how secure are crypto exchanges, and what can users do to protect their funds?
Types of Crypto Exchanges & Their Security Levels
🔹 Centralized Exchanges (CEXs) 🏦
Popular platforms like Binance, Bybit, and Coinbase offer high liquidity and ease of use. However, they store user funds, making them vulnerable to large-scale hacks.
🔹 Decentralized Exchanges (DEXs) 🔄
Platforms like Uniswap and dYdX allow users to trade directly from their wallets, reducing custodial risk. However, smart contract vulnerabilities can still be exploited.
Major Security Risks in Crypto Exchanges
🚨 Hacks & Breaches – History has shown that even top exchanges can be compromised.
🚨 Phishing & Scams – Fake websites and email scams trick users into revealing login details.
🚨 Internal Threats – Insider attacks and mismanagement can also lead to fund losses.
How to Keep Your Crypto Safe?
✅ Use 2FA (Two-Factor Authentication) – Adds an extra layer of security.
✅ Withdraw Funds to a Cold Wallet – Never store large amounts on an exchange.
✅ Verify URLs & Emails – Avoid phishing attacks by double-checking sources.
✅ Enable Whitelisting – Restricts withdrawals to approved wallet addresses.
The Future of Exchange Security
As the industry evolves, better security measures, stronger regulations, and improved self-custody options will define the future of crypto trading. However, users must remain vigilant and take responsibility for their assets.
Do you trust crypto exchanges with your funds, or do you prefer self-custody? Let us know! 👇💡
#CryptoExchange #BybitSecurityBreach #bitcoin #CryptoSafety

The crypto market continues to evolve at lightning speed, and with it, the competition among exchanges becomes more intense. #AltcoinDigest has conducted an in-depth analysis of over 100 platforms, considering liquidity, security, fees, user experience, asset variety, and innovation. Based on this, we present the Top 5 #CryptoExchange of 2025.

1. Binance – The Undisputed Leader
#Binance remains at the top thanks to its massive ecosystem, deep liquidity, and continuous innovation. With support for over 600 coins and tokens, staking services, a Launchpad, and an NFT marketplace, Binance offers an all-in-one solution for both beginners and pros.

Highlights:
• Low trading fees
• Extensive asset list
• Best-in-class mobile app

2. Bybit – A Pro Trader’s Playground
Bybit has rapidly grown into one of the top platforms for derivatives trading. It offers futures, options, copy-trading, and more, all with an advanced and responsive interface.

Highlights:
• High-speed order execution
• Advanced tools for professionals
• Regular trading competitions

Best Prop Trading Firm:
For traders looking to get funded on ByBit, #ATNirex is the top proprietary trading firm in this space.
With ATNirex, any skilled trader can access up to $100,000 in trading capital, making it an ideal choice for those who want to scale their strategies without risking personal funds.

3. KuCoin – Altcoin Hunter’s Paradise
If you’re chasing hidden gems, KuCoin is the place to be. With a huge range of altcoins, early-stage listings, and a vibrant user community, it’s a hotspot for adventurous traders.

Highlights:
• Huge variety of tokens
• Access to early projects
• Low fees

4. Bitget – Leader in Copy Trading
Bitget is focused on automation and copy trading, allowing users to follow top traders. Its rapid growth and marketing partnerships, especially in sports, are boosting its global presence.

Highlights:
• Copy-trading features
• Strong analytics tools
• Frequent updates and campaigns

5. Gate.io – DeFi & Innovation Hub
Gate.io has carved out a niche in DeFi and early-stage token launches. Its Launchpad, NFT marketplace, and wide token support make it ideal for those looking to stay ahead of the curve.

Highlights:
• Wide DeFi token support
• Innovative product launches
• NFT integration

Choosing the right crypto exchange is crucial to your success in the crypto space. In 2025, top platforms are not just about trading — they offer gateways into DeFi, NFTs, and the broader Web3 ecosystem. AltcoinDigest.com encourages users to weigh innovation, trust, and long-term vision alongside #trading features when picking a platform.
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