Iran Limits Crypto Trading Hours After Politically Charged Hack on Nobitex
We may earn commissions from affiliate links or include sponsored content, clearly labeled as such. These partnerships do not influence our editorial independence or the accuracy of our reporting. By continuing to use the site you agree to our terms and conditions and privacy policy.
Iranian authorities have imposed new restrictions on domestic cryptocurrency exchanges following a large-scale cyberattack on Nobitex, the country’s leading trading platform.
Under the new directive from the Central Bank, exchanges may now operate only between 10:00 a.m. and 8:00 p.m.
The move comes in the aftermath of a major security breach that resulted in the loss of over $90 million in digital assets from Nobitex. The attack was claimed by pro-Israeli hacker group Gonjeshke Darande—also known as Predatory Sparrow—who publicly took responsibility and threatened to leak the exchange’s internal data and source code.
Rather than redirecting the stolen assets for personal gain, the hackers reportedly “burned” the funds by sending them to inaccessible wallets, some of which carried anti-Iranian Revolutionary Guard messages. Cybersecurity analysts say the attack appears to have been politically motivated.
Blockchain firms Elliptic and Chainalysis both confirmed the destruction of the assets, linking the incident to a broader pattern of cyber offensives surfacing during periods of tension between Iran and Israel. Just a day before the Nobitex breach, the same hacker group targeted Iran’s Bank Sepah.
The newly imposed trading curfew underscores growing concerns within Iran’s financial system about digital asset security and the geopolitical consequences of cyberwarfare.
Commentaries 
Fill in necessary fields and publish