Key dealers
- Iran’s central bank has limited the crypto change operating hours following a Nobitex security violation.
- The new regulations aim to improve the monitoring of crypto trade among international financial sanctions.
Iran’s Central Bank has enforced domestic cryptout exchanges to operate only between 10:00 and 21.00 in response to a new cyberattack that directed Nobitex, the country’s largest crypto exchange, according to a new Report from chain analysis.
The hack, which occurred on Wednesday, resulted in the loss of over $ 90 million in digital assets, including Bitcoin, Ethereum, Dogecoin, XRP, Solana, Faith and Toncoin, according to the report.
Gonjeshke Darning, also known as predator sparrow, a pro-Israel hacktivist group, took credit for the attackwhich seems to be politically motivated rather than financially driven.
According to the chain analysis, attacker controlled wallets were burning addresses without private key access.
Earlier this week, Predatory Sparrow also took responsibility for a separate cyber attack aimed at Bank Sepah, one of Iran’s largest state banks. The two high -profile hackers came in a time with increased hostility between Iran and Israel.
Nobitex, which has dealt with over $ 11 billion in total inflows compared to $ 7.5 billion for the next ten largest Iranian exchanges together, issued a statement that ensures that users were secure. The exchange has moved large quantities of Bitcoin to new refrigeration wallets to improve safety, chain analyzes.
The new limitations are probably part of the Iranian authorities’ efforts to increase the monitoring of crypto trade operations. Nobitex acts as a key port that connects Iran’s sanctioned financial system to global crypto markets.
A number of illegal players have previously been linked to Nobitex, including the IRGC-affiliated Ransomware operators and Houthi and Hamas-affiliated networks identified by Israel’s national agency for terror financing.
The platform has also facilitated transactions with sanctioned devices, including Gaza Now, a Pro-Al-Qaeda propaganda channel and the Russian crypto change Garantex and bitpapa.
