Iran Slaps Crypto Exchanges With Midnight Curfew Following $100M Nobitex Breach

Crypto chaos in Tehran as regulators hit the panic button—trading platforms forced into lockdown after dark.

When $100M vanishes overnight, even decentralized dreams get shackled.

Welcome to blockchain authoritarianism: where your keys might be yours, but the trading hours belong to the state.

Another day, another 'temporary' security measure that smells suspiciously like capital controls dressed in cyberpunk clothing.

In response to a major $100 million hack targeting Nobitex, Iran’s largest crypto exchange, authorities have introduced a strict curfew on all crypto exchange operations. Platforms are now only allowed to operate between 10 a.m. and 8 p.m. daily. The move is seen as an effort to prevent capital flight and increase oversight of digital asset transactions. The decision highlights growing government concerns over crypto-related risks and the need for tighter control in the sector.