Iranian
crypto exchange Nobitex has started reopening operations,
two weeks after suffering a major cyberattack that led to the loss of nearly $100
million. The exchange confirmed the partial restoration of operations on
Monday, while trading and deposits remain suspended.
Follow- up on Nobitex Security Incident, Step-by-step wallet access has begun, 29 June 2025 Please note:1. This process is being carried out gradually, starting with verified users and initially for spot wallets, followed by other types of wallets.2. The identity…
— Nobitex | نوبیتکس (@nobitexmarket) June 29, 2025
Nobitex advised users not to send funds to old wallet addresses, warning that deposits
to previously used addresses may result in permanent loss. “Due to the
migration of the wallet system, previous addresses are no longer valid,” the
company said in a statement.
The
reopening followed a June 18 cyberattack by pro-Israeli hacker group “The
Predatory Sparrow.” The group claimed responsibility for the breach, stating it
targeted Nobitex over its alleged ties to the Iranian government. It also
claimed to have destroyed $90 million of the stolen funds and released the
platform’s full source code.
The incident
marked one of the most severe cyberattacks against Iran’s financial sector.
Blockchain analytics firm Chainalysis later reported that Nobitex had processed
$11 billion in crypto inflows, suggesting its central role in Iran’s digital
asset infrastructure.
In response
to the breach, Iranian authorities imposed operating hour limits on domestic
crypto exchanges, restricting services to between 10:00 AM and 8:00 PM. Novitec said
it plans to gradually resume trading and deposit functions but did not provide
a specific timeline.
Expect ongoing updates as this story evolves.
This article was written by Jared Kirui at www.financemagnates.com.
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