No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, October 24, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Cryptocurrency

Iran restricts crypto exchange hours after massive Nobitex exploit drains BTC, ETH, XRP

by TheAdviserMagazine
4 months ago
in Cryptocurrency
Reading Time: 2 mins read
A A
Iran restricts crypto exchange hours after massive Nobitex exploit drains BTC, ETH, XRP
Share on FacebookShare on TwitterShare on LInkedIn


Key Takeaways

Iran’s Central Bank has restricted crypto exchange operating hours following a Nobitex security breach.
The new regulations aim to enhance oversight of crypto trading amid international financial sanctions.

Share this article

Iran’s Central Bank has enforced domestic crypto exchanges to operate only between 10 AM and 9 PM in response to a recent cyberattack that targeted Nobitex, the country’s largest crypto exchange, according to a new report from Chainalysis.

The hack, which occurred on Wednesday, resulted in the loss of over $90 million in digital assets, including Bitcoin, Ethereum, Dogecoin, XRP, Solana, TRON, and Toncoin, according to the report.

Gonjeshke Darande, also known as Predatory Sparrow, a pro-Israel hacktivist group, immediately took credit for the attack, which appears to be politically motivated rather than financially driven.

According to Chainalysis, the attacker-controlled wallets were burner addresses without private key access.

Earlier this week, Predatory Sparrow also claimed responsibility for a separate cyberattack targeting Bank Sepah, one of Iran’s largest state-owned banks. The two high-profile hacks came at a time of heightened hostility between Iran and Israel.

Nobitex, which has processed over $11 billion in total inflows compared to $7.5 billion for the next ten largest Iranian exchanges combined, issued a statement assuring users their funds were safe. The exchange has moved large amounts of Bitcoin to new cold storage wallets to enhance security, Chainalysis notes.

The new restrictions are likely part of Iranian authorities’ efforts to increase oversight of crypto trading activities. Nobitex serves as a key gateway connecting Iran’s sanctioned financial system to global crypto markets.

A number of illicit actors have previously been linked to Nobitex, including IRGC-affiliated ransomware operators and Houthi and Hamas-affiliated networks identified by Israel’s National Bureau for Counter-Terror Financing.

The platform has also facilitated transactions with sanctioned entities, including Gaza Now, a pro-al-Qaeda propaganda channel, and the Russian crypto exchanges Garantex and Bitpapa.

Share this article

Follow on Google News



Source link

Tags: BTCCryptoDrainsETHExchangeexploithoursIranMassiveNobitexrestrictsXRP
ShareTweetShare
Previous Post

China To Become World Nuclear Energy Super Power

Next Post

Markets in a sideways zone and looking at West Asia development, tariff deadline: Dipan Mehta

Related Posts

edit post
Trump taps Michael Selig to lead CFTC: Bloomberg

Trump taps Michael Selig to lead CFTC: Bloomberg

by TheAdviserMagazine
October 24, 2025
0

Key Takeaways President Trump has appointed Michael Selig as the new chair of the CFTC, signaling a pro-crypto stance. The...

edit post
New Bitcoin Improvement Proposal Aims To Improve Privacy

New Bitcoin Improvement Proposal Aims To Improve Privacy

by TheAdviserMagazine
October 24, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A new Bitcoin Improvement Proposal titled “Chain...

edit post
U.S. CPI Comes In Lower Than Expectations, Bitcoin Rises

U.S. CPI Comes In Lower Than Expectations, Bitcoin Rises

by TheAdviserMagazine
October 24, 2025
0

The U.S. CPI inflation data came in below expectations, increasing the odds of two more rate cuts this year. Bitcoin...

edit post
If tokenized gold is just a “trust-me-bro” IOU, what’s really on-chain?

If tokenized gold is just a “trust-me-bro” IOU, what’s really on-chain?

by TheAdviserMagazine
October 24, 2025
0

We audit popular gold tokens against five trust tests, then compare them with BTC ETFs and native BTC settlement.Binance founder...

edit post
Hyperliquid Price Breaks Key Resistance as B Fundraising and IPO Plans Gain Traction

Hyperliquid Price Breaks Key Resistance as $1B Fundraising and IPO Plans Gain Traction

by TheAdviserMagazine
October 24, 2025
0

HYPE has reignited bullish sentiment across the crypto market after a sharp 11.91% daily surge pushed the Hyperliquid price above...

edit post
US Dollars Go On-Chain as Uphold and Vast Bank Fuse Banking With Blockchain

US Dollars Go On-Chain as Uphold and Vast Bank Fuse Banking With Blockchain

by TheAdviserMagazine
October 23, 2025
0

Real U.S. dollars are officially going on-chain as Uphold, Vast Bank, and USBC Inc. unveil a regulated, blockchain-based deposit system...

Next Post
edit post
Markets in a sideways zone and looking at West Asia development, tariff deadline: Dipan Mehta

Markets in a sideways zone and looking at West Asia development, tariff deadline: Dipan Mehta

edit post
Amsterdam-based Delfio secures €1.5M to take hassle out of wholesale electronics buying

Amsterdam-based Delfio secures €1.5M to take hassle out of wholesale electronics buying

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
Listen: Amid Shutdown Stalemate, Families Brace for SNAP Cuts and Paycheck Limbo

Listen: Amid Shutdown Stalemate, Families Brace for SNAP Cuts and Paycheck Limbo

0
edit post
 Billion Carrier Signals Trump’s All-Out Attack

$20 Billion Carrier Signals Trump’s All-Out Attack

0
edit post
Market Talk – October 24, 2025

Market Talk – October 24, 2025

0
edit post
Ontario quickly caves to Trump and promises to pull the offending Reagan ad that killed Canada trade talks

Ontario quickly caves to Trump and promises to pull the offending Reagan ad that killed Canada trade talks

0
edit post
Earnings Summary: Highlights of Freeport-McMoRan’s (FCX) Q3 2025 report

Earnings Summary: Highlights of Freeport-McMoRan’s (FCX) Q3 2025 report

0
edit post
Trump taps Michael Selig to lead CFTC: Bloomberg

Trump taps Michael Selig to lead CFTC: Bloomberg

0
edit post
Market Talk – October 24, 2025

Market Talk – October 24, 2025

October 24, 2025
edit post
Ontario quickly caves to Trump and promises to pull the offending Reagan ad that killed Canada trade talks

Ontario quickly caves to Trump and promises to pull the offending Reagan ad that killed Canada trade talks

October 24, 2025
edit post
Trump taps Michael Selig to lead CFTC: Bloomberg

Trump taps Michael Selig to lead CFTC: Bloomberg

October 24, 2025
edit post
 Billion Carrier Signals Trump’s All-Out Attack

$20 Billion Carrier Signals Trump’s All-Out Attack

October 24, 2025
edit post
Robinhood Markets (HOOD): Fintech-Pionier vor Fortsetzung der Mega-Rallye!

Robinhood Markets (HOOD): Fintech-Pionier vor Fortsetzung der Mega-Rallye!

October 24, 2025
edit post
The Grim Reality of Working in These 10 Professions

The Grim Reality of Working in These 10 Professions

October 24, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Market Talk – October 24, 2025
  • Ontario quickly caves to Trump and promises to pull the offending Reagan ad that killed Canada trade talks
  • Trump taps Michael Selig to lead CFTC: Bloomberg
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.