article 🔥 Nobitex Resumes Operations After Devastating Hack — What Crypto Users in Iran Should Know

The largest Iranian crypto exchange, Nobitex, is slowly getting back on its feet after falling victim to a politically charged cyberattack. The incident, which caused an estimated $100 million in damage, has triggered a chain of security updates, policy shifts, and a phased return of services — but only for verified users.

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Major Cyberattack Disrupts Iran’s Leading Crypto Platform

Earlier this month, Nobitex was compromised by a cyberattack linked to the pro-Israel hacker collective Gonjeshke Darande. The attackers claimed responsibility for the breach and reportedly destroyed $90 million worth of digital assets, while also leaking the platform’s full source code.

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Wallet Migration Underway – What Users Need to Know

Nobitex has since confirmed that it is migrating to a new wallet infrastructure, urging users not to send any funds to old addresses:

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Gradual Reopening – Withdrawals Start First

According to a post published on X (formerly Twitter) on June 30, Nobitex announced that:

• Withdrawal services are now being re-enabled.

• Trading and deposits will return in phases, though no clear timeline has been offered yet.

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Chainalysis Reveals Deeper Ties to Iranian Crypto Network

A recent report from Chainalysis, a blockchain analytics firm, highlights Nobitex’s crucial role in Iran’s crypto economy:

• The platform processed $11 billion in inflows.

• By comparison, the next 10 largest Iranian exchanges handled only $7.5 billion combined.

• The report also suggested links between Nobitex and blacklisted or sanctioned groups, raising questions about its wider operations.

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Iran Imposes New Crypto Restrictions Post-Hack

In the wake of the breach, Iranian regulators have tightened restrictions on local crypto exchanges. All domestic platforms, including Nobitex, are now only permitted to operate during limited business hours: 10 AM to 8 PM.

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State-Sponsored Cyber Warfare Accelerates in 2025

The Nobitex incident is just one of many state-linked hacks that have escalated in 2025. According to security reports:

• North Korean groups are responsible for around 70% of global crypto-related losses this year.

• In February, North Korean attackers looted $1.5 billion from Bybit.

• AI-powered tools like ChatGPT are allegedly being used by these cybercriminals to craft sophisticated attacks, according to South Korean intelligence.

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What This Means for Crypto in High-Risk Zones

The Nobitex case serves as a sobering reminder of how politics and digital finance are increasingly intertwined. For users in regions with tense geopolitical climates, trust in crypto platforms is no longer just about security protocols — it's about political exposure.

As the platform slowly comes back online, Iranian crypto users should stay cautious, avoid depositing to outdated addresses, and prioritize verification processes to ensure access to remaining funds.