- Nobitex resumes wallet access after a $90 million hack.
- Recovery actions emphasize user security and service continuity.
- Hack identified as politically motivated, impacting Iranian digital finance.
Nobitex’s recovery is significant, affecting over 10 million users and the broader Iranian crypto landscape. The politically motivated hack prompted increased security measures.
Details of the Attack and Recovery
The attack compromised at least $90 million from Nobitex’s hot wallets. Predatory Sparrow, a pro-Israel hacking group, claimed responsibility, citing political motives.
Nobitex’s statements have been issued via social media, focusing on restoring service while prioritizing user security.
“Step-by-step wallet access has begun, starting with verified users and initially for spot wallets…”
Immediate impacts include disruptions in user deposits and liquidity, as old wallet addresses are invalidated. The attack also
highlighted geopolitical tensions, emphasizing vulnerabilities in Iran’s digital financial sector.
Future Implications
Looking ahead, Nobitex’s response might drive increased cybersecurity investments in Iran’s digital finance. The attack underscores the risks in cryptocurrency exchanges operating amid international tensions.
