Nobitex Bounces Back: Iranian Crypto Exchange Resumes Partial Operations Post-Security Breach

After a crippling security breach, Nobitex—Iran's largest crypto exchange—is clawing back control. Partial services are live again, but trust hangs by a thread.

Here's the breakdown:

Damage Control Mode Activated

The platform's tech team pulled 72-hour shifts to patch vulnerabilities, though full functionality remains weeks away. Withdrawals? Still frozen—because nothing says 'trust us' like holding funds hostage.

Regulatory Side-Eye Intensifies

Tehran's fintech watchdog is 'monitoring the situation' (translation: preparing scapegoats). Meanwhile, traders face the classic crypto dilemma: cut losses now or gamble on another rug pull?

Silver Lining Playbook

On-chain analysts note the breach could've been worse—only 15% of cold wallets were compromised. A small win, unless you're in that 15%.

As Nobitex limps toward recovery, one truth echoes: in crypto, security is always someone else's problem... until it's yours.