Iran’s Nobitex Starts Recovery Efforts After $90M Exploit
0Crypto Hacks
Iran
Nobitex has started gradually restoring wallet access for verified users after a $90m cyberattack disrupted Iran’s largest crypto exchange earlier this month.
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 largest crypto exchange, Nobitex, has begun restoring user access to wallets after suffering a major cyberattack that drained over $90m in assets earlier this month.
In a statement issued Sunday, the Tehran-based platform said that wallet access was being reactivated in phases, beginning with verified users and spot wallets.
Other wallet types will follow, contingent on the completion of identity checks. Nobitex urged users to complete verification promptly and noted that wallet balances would become visible once all security and data accuracy checks were finalized.
“We are working to resume withdrawal, deposit, and trading services for verified users with minimal delay,” the company said. It warned that the timeline may shift depending on technical conditions and additional security requirements.
Users Risk Losing Funds if Deposits Are Sent to Outdated Wallets, Nobitex Says.
The company also advised users not to deposit funds to previously issued wallet addresses, which are now invalid due to a full system migration....
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