Iran Limits Crypto Exchange Hours After $100M Nobitex Hack
Iran’s central bank has set strict rules for local cryptocurrency exchanges, allowing them to operate only from 10 a.m. to 8 p.m. This comes after a major cyberattack on Iran’s biggest crypto platform, Nobitex, yesterday. The hackers have stolen $100 million worth of cryptocurrencies like Bitcoin, Ether, etc. The attack was carried out by a pro-Israel group called Gonjeshke Darande.
The hackers sent the stolen crypto to special addresses where it cannot be accessible. Experts from Chainalysis, a company that tracks blockchain activity, say the attack was not for profit but to hurt Iran’s financial system due to the current crisis of the Iran-Israel war.
As per the reports, this new time limit initiative is meant to help the…
