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Iran’s Top Crypto Exchange Struggles Back After $100M Hack

  • Iran’s top crypto exchange, Nobitex, is recovering after a $100M hack claimed by a pro-Israel hacker group.
  • Nobitex is cautiously resuming operations by allowing verified users access to wallets, warning against depositing to old addresses to prevent asset loss.
  • Withdrawal functions on Nobitex are set to resume on June 30, with other services like deposits and trading to follow at a later date.
  • Iranian regulators are imposing stricter regulations on the crypto sector following the breach, with increased cyberattacks reported globally.

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