Iran Imposes Trading Restrictions on Crypto Exchanges Following Major Hack

In light of the Nobitex breach, the Central Bank of Iran has restricted trading hours for all exchanges to enhance security and mitigate risks.

BTC

Summary

Following a significant cyberattack on Nobitex, Iran's Central Bank has mandated that all domestic crypto exchanges limit trading hours from 10 AM to 8 PM. Nobitex suffered losses exceeding $90 million due to the breach, attributed to the hacking group Gonjeshke Darande, which has since leaked the exchange’s source code and moved Bitcoin to a cold wallet for security.

Terms & Concepts
  • Nobitex: Iran’s largest cryptocurrency exchange, facilitating a significant volume of crypto transactions in the country.
  • Gonjeshke Darande (Predatory Sparrow): A pro-Israel hacking group that claimed responsibility for the cyberattack on Nobitex, reportedly linked to Israeli military or intelligence agencies.