Nobitex Crypto Exchange resumes gradual recovery for verified users after $ 90 million hack
The largest cryptocurrency platform in Iran, Nobitex, has officially begun to restore access to the wallet for its verified users after an amazing $ 90 million cyberbocked that shook the cryptographic community of the nation earlier this month. In a recent update on X, the exchange confirmed that it has begun to reopen wallets in phases, starting with specific wallets, as it advances to restore user’s confidence and restore operational stability.
 |
| Source: x |
Mandatory verification for access to wallet
As part of Nobitex’s recovery strategy, identity verification has become mandatory for all users who seek to access their wallets. The verification process, initiated two days ago, is now a previous requirement to unlock accounts and recover access to funds. Spot wallets are prioritized during this initial reopening phase, with other types of wallets to follow by successfully completing verification checks.
Nubitex has urged users whose wallet balances remain invisible to exercise patience, indicating that the account data will be published incremental after an exhaustive safety validation. The exchange has established an objective to complete the process of verification and restoration of access to the middle of the week, although delays may occur due to the improved security layers implemented after the violation.
Retreats, deposits and trade to resume in phases
Nobitex is also preparing to resume key functions, including retreats, deposits and commerce, but only for users who complete security controls. The exchange is implementing these services gradually to guarantee the stability of its systems while minimizing the risk of greater interruptions.
“Our technical team is working 24 hours to restore services safely, while guaranteeing that additional risks are not introduced in user funds during this stages reopening,” Nobitex said.
Users warned against the use of old wallet addresses
In a crucial warning, Nobitex has warned all users who do not send cryptocurrencies to their old wallet addresses. As the platform undergoes a complete migration of the system, these directions have become invalid, and any funds sent to them could be permanently lost. Users have been urged to eliminate old addresses saved from their mining platforms and applications and wait for the exchange to issue new and safe wallet addresses.
The hack that shook Iran’s digital asset market
The gradual recovery of Nobitex occurs after a sophisticated cyber attack in early June that led to the theft of digital assets of approximately $ 90 million, including Bitcoin, Dogecoin and other tokens. The attack was carried out by Gonjeshke Darande, an anti-Iranian hacktive collective that is believed to have links with Israel, during high tensions between Iran and Israel.
The hackivist group attributed responsibility, claiming that Nobitex was facilitating the efforts of the Iranian government to avoid the sanctions of the United States and finance terrorism. In protest, the attackers sent the stolen assets to burn addresses, permanently eliminating them from the circulation, while embedded anti-Irgc messages in transactions.
In response, the Iranian authorities imposed a criptography exchanging emergency touch, restricting negotiation hours and introducing stricter regulations, including daily retirement limits, improved KYC protocols and mandatory routine audits in all exchanges, with the aim of avoiding future incidents of this magnitude.
Nobitex’s critical role in Iran’s cryptographic economy
Serving more than 10 million users and facilitating more than $ 11 billion in cryptocurrency transactions, Nobitex is more than a simple negotiation platform in Iran. It has become a lifeguard for citizens seeking to send funds abroad, protect against unbridled inflation and navigate around financial sanctions that restrict economic opportunities within the country.
For many, working with Nobitex is considered a contribution to national resilience, especially amid economic isolation and volatility of the national currency. However, the recent attack blocked many users of their accounts, causing generalized uncertainty and concern for the safety of their funds.
While the stolen funds declared themselves unrecoverable, Nobitex took emergency measures to protect the remaining assets by transferring them to cold storage and activating a reserve fund to potentially cover customer losses.
Future uncertainties remain
Despite resuming limited operations, significant questions about the long -term recovery of Nobitex are closed. The exchange has not yet confirmed whether it will completely reimburse users affected by the Hack, nor has it revealed the scope of the user data potentially compromised during the violation.
Currently, wallet balances are accessible only for verified users, while full commercial support and deposit functionalities have not yet been completely restored. Users have been advised to keep informed through official Nobitex updates and refrain from getting involved with unofficial sources, which could lead to greater losses or scams.
What follows for Nobitex?
As Nobitex navigates his recovery, his trip serves as a critical case study for cryptographic exchanges that operate under geopolitical pressure and increasing cyber threats. The incident has highlighted the urgent need for advanced security infrastructures, rigorous identity verification processes and contingency measures to protect users in a volatile cryptographic panorama.
The platform’s ability to recover user’s confidence and resume complete functionality will be fundamental not only for their future but also for the broader cryptographic ecosystem of Iran, which depends largely on Nobitex services amid economic challenges.
It remains to be seen if Nobitex can completely recover from this crisis while maintaining the user’s confidence, but its phase reopening indicates a cautious path towards stability. While the cryptographic community closely observes, the recovery history of Nobitex underlines the high bets of the security of digital assets in an increasingly interconnected and politically loaded financial world.
Writer
@Ellena
Ellena is an experienced cryptographic writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides information about the latest trends and innovations in the currency space.
See other news and articles on Google News
Discharge of responsibility:
The articles published in Hokanews are intended to provide updated information on various topics, including cryptocurrency and technology news. The content on our site is not intended to be an invitation to buy, sell or invest in any asset. We encourage readers to conduct their own research and evaluation before making an investment or financial decision.
Hokanews is not responsible for any loss or damage that may arise from the use of the information provided on this site. Investment decisions must be based on an exhaustive investigation and advice of qualified financial advisors. Information about Hokanews can change without prior notice, and we do not guarantee the precision or integrity of the published content.
