The Iranian cryptocurrency exchange Nobitex, which was hacked earlier this month by the pro-Israel hacker group Gonjeshke Darande, has begun the process of restoring services.
The exchange stated that only users who have completed identity verification will be able to access their wallets, with spot trading users being prioritized.
Nobitex advised users to avoid depositing cryptocurrency into the exchange's old wallets, as this could lead to the loss of user funds.
"Due to the migration of the wallet system, previous addresses are no longer valid, and any funds deposited into these addresses may result in a loss of funds," the post stated.
In a post on Tuesday (June 24), Nobitex announced that withdrawal services would be enabled on June 30. Additionally, the exchange stated that operational activities such as trading and deposits would be gradually rolled out; however, no specific timeline was provided.
On June 18, the Iranian exchange was hacked, resulting in a loss of $100 million.
This hacking incident is seen as a political statement amid the ongoing geopolitical tensions between Iran and Israel, as Nobitex is the largest cryptocurrency exchange in Iran.
The pro-Israel hacker group Gonjeshke Darande claimed responsibility for the hack. The group subsequently destroyed assets worth $90 million and released the complete source code of the exchange.
The hacker group stated that they targeted Nobitex because it has ties to the Iranian government and provides funding to malicious actors.
A report released by the data analysis platform Chainalysis indicated that Nobitex is critical to Iran's cryptocurrency infrastructure. The exchange's inflow of funds reached $11 billion, while the combined inflow of the next ten largest Iranian exchanges was $7.5 billion.
Notably, Chainalysis stated that its on-chain analysis shows the exchange has connections to malicious actors, including sanctioned entities.
Following the hack of Nobitex, Iranian authorities imposed restrictions on domestic cryptocurrency exchanges, allowing them to operate only between 10 AM and 8 PM.
In 2025, state-sponsored hacking attacks surged, with North Korean state-sponsored hackers at the forefront of these attacks.
A report on Friday (June 27) revealed that North Korean state-sponsored hackers accounted for nearly 70% of the losses this year, including a $1.5 billion loss from the February hack of Bybit.
South Korean officials also disclosed that North Korean state-sponsored hacker groups are using AI tools like ChatGPT to steal cryptocurrency.
Related: Trader "Qwatio" suffered 8 liquidations in a week, losing $12.5 million.
Original article: “Hacked Crypto Exchange Nobitex Slowly Restores Services”
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