Nobitex Reopens Wallets After $90M Hack with New Security Measures

Nobitex, Iran's largest cryptocurrency exchange, has initiated a phased restoration of wallet access following a devastating $90 million hack earlier this year. The platform began with verified users' spot wallets, cautioning against deposits to old addresses where funds may become irretrievable.

The breach, executed through malware targeting employee credentials, resulted in both significant financial losses and compromised internal data. Security protocols now dictate gradual balance restoration, with completion projected by week's end—though technical hurdles may delay the timeline.

Market observers note the incident underscores persistent security vulnerabilities in digital asset platforms, particularly in jurisdictions with complex regulatory environments. The exchange's transparent communication strategy during recovery sets a precedent for crisis management in the sector.