Iran-based crypto exchange Nobitex is slowly starting to restore access to its services following a $100 million hack earlier this month, reportedly executed by a pro-Israel hacker group.
Access Issues for Nobitex Users
Following the hack, Nobitex has restricted access to its services. In a post on X, the exchange mentioned that only users who have verified their identity will have access to the platform and their funds, with spot exchange users being given priority.
Wallet Address Changes and User Prioritization
Nobitex has urged users not to use old wallet addresses for deposits. The exchange stated that due to wallet system migration, previous addresses are no longer valid, and any deposits made to them may result in loss of funds. Withdrawal, deposit, and trading services remain disabled on the platform, though it was previously indicated that withdrawals would be enabled today.
Political Context of the Hack and Management Comments
A pro-Israel hacker group called Gonjeshke Darande took responsibility for the hack, claiming it was politically motivated given the tensions between Iran and Israel. The group allegedly burned $90 million worth of assets and released what it claimed to be the full source code of the exchange. Nobitex's CEO, Amir Rad, mentioned that their investigation confirmed the hack was supported by Israel’s government, denying any links between the platform and the Iranian government.
The situation at Nobitex remains tense, and users are advised to exercise caution when interacting with the platform. The hacker group's claims of political motives for the breach highlight the increasing threats in the cryptocurrency sector.
