The central bank of Iran reportedly implemented strict business hours on its domestic cryptocurrency exchange, after a $100 million exploitation by pro-Israeli hacker group.
In Wednesday’s blog post, chain analysis cites reports explain Iran’s domestic crypto exchanges are now limited to business hours from 10 a.m. to 8 p.m.
Andrew Fierman, head of national security intelligence at Chainalesisy, told Cointelegraph that the curfew could be an attempt to stay ahead of any further attacks because “it is easier to sort if the incident doesn’t happen late at night.”
Nobitex was hacked Wednesday morning according to exchange.
“Secondly, while the Iranian people use cryptocurrency exchanges to facilitate cross-border transactions, the Iranian regime may want to take more control over the transactions of citizens,” he said.
“This is especially true when geopolitical tensions are high and potentially flying from Iran’s capital.”
The Iranian central bank has previously imposed restrictions on exchanges. In December last year, it ordered the temporary closure of all crypto exchanges to prevent its domestic currency, Rials, from exchange and depreciation.
Israel launched several strikes within Iran on June 13. Both countries have Always trading Since then.
Nobitex hacker burns stolen cryptocurrency
Nobitex is used According to current estimates, there are at least $100 million in assets covering a range of cryptocurrencies, including Bitcoin (BTC), ether (ethereth), dog (Doge), xrp(XRP) and solana (sol).
Pro-Israel Hacker Crew Gonjeshke claim After allegedly infiltrating Nobitex’s internal system and ejecting its hot wallet, it is responsible for the responsibility for exploitation.
The chain analysis team said in the report that the attacker-controlled wallet appears to be a burner address and lacks access to private keys, “makes it irreversible.”
“Although historically it has been almost always for economic benefit, this incident stands out given the politically motivated intentions that seem to be politically motivated to take money away from the regime,” Fierman said.
Burning Token Meaning they are permanent Remove from the loop. Typically, this is done by sending them to inaccessible wallet addresses.
Nobitex says the situation is “under control”
After hacking, Nobitex cuts off all external access to the server, communication team explain In a statement to X on Wednesday.
“As part of Nobitex’s ongoing response to recent security incidents, we want to inform our users that the situation is under control now,” they said.
Currently, user access is still unavailable, but the exchange said the Nobitex reserve fund will cover all assets lost in the hacker.
Nobitex technical team is also clearing Exchange’s online hot wallet And send them to offline refrigeration equipment to prevent further utilization and loss.
“In addition, internet outages and blockage of access to external servers can lead to a long time to restore users’ timelines to access the platform,” the NobItex Communication team said.
Nobitex is a key hub in Iran’s crypto ecosystem
Chainalysis said it tracked the total inflow of Nobitex and found it to be more than $11 billion, compared with the next top ten Iranian exchanges combined for less than $7.5 billion.
According to Chainalysis, it is the preferred platform for Iranian users seeking to enter the global crypto market and is the central pillar of the country’s digital asset ecosystem.
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“Nobitex is not only a local exchange; it is a key hub in Iran’s strictly approved crypto ecosystem, allowing users who are disconnected from traditional finance to access global markets,” Chainalysis said.
The exchange also has links to a series of groups considered to be terrorists in the Western world, for example Houthi rebels in YemenIt is a pro-campus publicity channel and has approved the Russian crypto exchange, Garantex and Bitpapa.
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