Nobitex Restores Service After $90M Crypto Exploit
Nobitex, Iran's premier cryptocurrency exchange, is cautiously resuming operations after enduring a significant $90 million cyber attack reportedly conducted by a pro-Israel group. Initially, only verified users can access the platform, while trading, deposit, and withdrawal services are still suspended. Restoration of withdrawals is tentatively scheduled for June 30, subject to change. The hacker group Gonjeshke Darande, claiming responsibility for the attack, further damaged Nobitex by releasing parts of its source code and destroying the stolen assets. Speculation suggests Israel might have used the breach to apprehend Iranian agents funded through cryptocurrency. Nobitex has migrated user wallets, rendering deposits to old wallets invalid. Dominating the Iranian crypto market with a substantial influx of $11 billion, Nobitex overshadows its local competitors. Despite the breach, CEO Amir Rad insists that Nobitex is a private entity with no ties to the Iranian government or military. The Block, an independent media outlet, emphasizes its commitment to unbiased crypto industry reporting, notwithstanding its affiliations.
FAQ
❓ What measures has Nobitex taken after the attack?
Nobitex has restricted platform access to verified users, suspended trading services, and plans to resume withdrawals soon. It has also migrated user wallets.
❓ Who is responsible for the attack on Nobitex?
The pro-Israel hacker group Gonjeshke Darande claimed responsibility, reportedly supported by the Israeli government.
❓ How dominant is Nobitex in Iran's crypto market?
Nobitex leads the market with $11 billion in total inflows, surpassing its local competitors significantly.