Iran Limits Crypto Trading Hours After Pro Israel Hackers Hit Top
1Hack
Iran
Israel
Iran’s crypto curfew reflects growing urgency to control a vital yet vulnerable sector, though it offers limited protection against future cyberattacks.
Crypto Reporter
Shalini Nagarajan
Crypto Reporter
Shalini Nagarajan
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Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.
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Iran’s central bank has reportedly ordered all domestic crypto exchanges to restrict their operating hours, following a cyberattack that drained over $90m from the country’s largest crypto trading platform.
The new rule, which limits trading to between 10am and 8pm, appears to be a direct response to the hack on Nobitex, the Tehran-based exchange that processes the bulk of Iran’s crypto transactions.
This move is aimed at tightening oversight and reducing the likelihood of future incidents, especially during off-hours when cybersecurity response times are slower.
The pro-Israel hacking group Gonjeshke Darande, or Predatory Sparrow, claimed responsibility for the breach.
In an X post, the group said it had infiltrated Nobitex’s infrastructure and promised to release its source code and internal data. A day earlier, the same group said it had targeted state-owned Bank Sepah.
Experts See Political Message in Nobitex Hack.
Cybersecurity firms say the stolen funds were not moved for profit. Instead,...
https://cryptonews.com/news/iran-limits-crypto-trading-hours-on-domestic-exchanges-after-nobitex-hack/
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