Iranian Crypto Exchange Nobitex Partially Resumes Operations After Hack
Date: 2025-07-01 Author: Gabriel Deangelo Categories: BUSINESS
In June of this year, Nobitex fell victim to a cyberattack, which, according to the platform's management, was carried out by a group associated with Israel and acting for political reasons. The company's CEO Amir Rad emphasized that the exchange is a private structure and has no connection with the Iranian government or army.
At the moment, the platform is again available only to users who have previously passed the KYC verification standard. However, key functions of the exchange - such as deposits, withdrawals, and trading - remain blocked. Initially, the possibility of withdrawing funds was planned to open by June 30, but the company warned clients about possible changes in the timing.
An internal investigation by Nobitex confirmed that hackers associated with official structures of Israel were behind the attack. Despite the scale of the damage, the management assures customers that it is working to restore normal operation and secure the system.
This incident was one of the largest cryptocurrency exchange hacks in the region in recent years. Nobitex is a leader among Iranian cryptocurrency platforms and serves a significant portion of domestic users, as many international exchanges are inaccessible to Iranian citizens due to sanctions.
Market experts believe that the consequences of this attack may have a long-term impact on trust in local crypto services. Given the restrictions on international transactions and political tensions, users are forced to rely on domestic platforms, which become an attractive target for cybercriminals.
At the same time, Nobitex assures that it will strengthen cybersecurity measures and plans to gradually launch all suspended functions. The management advises customers to monitor updates through official communication channels and update their accounts at the earliest opportunity to improve security.
Amid these events, the Iranian crypto community is actively discussing the need for stricter asset protection measures and the possibility of diversifying their investments outside the country.
The Nobitex situation once again raises questions about cybersecurity and political influence on financial infrastructure. While users wait for access to their funds to be restored, experts advise keeping some assets in personal wallets and being prepared for new cyber risks, especially in regions with high political turbulence.
