Iran imposes curfew on crypto exchanges after $100M Nobitex heist
19.06.2025
2000
Chainalysis’s head of national security intelligence told Cointelegraph the curfew is likely an attempt to prevent people from transferring capital out of the country.
Iran's central bank just put crypto exchanges on lockdown—literally. After a $100M hack on Nobitex by a pro-Israel crew, exchanges can now only operate from 10 am to 8 pm. Talk about a crypto curfew.
“This is especially the case during times where geopolitical tensions are high and capital flight from Iran is possible.”
Chainalysis says this move is either to stop more midnight hacks or to keep Iran's cash from fleeing the country. Either way, it's a bold play.
Nobitex got wrecked for $100M in BTC, ETH, DOGE, and more. The hackers? Gonjeshke Darande, a pro-Israel group. They didn't just steal—they burned the loot, making it vanish into thin air. Savage.
Nobitex is scrambling, cutting off all external access and moving funds to cold storage. They promise users will get their money back, but who knows when they'll be back online.
This isn't just any exchange—Nobitex is Iran's crypto lifeline, with over $11B in inflows. It's the go-to for bypassing sanctions and moving money globally. Now it's in the crosshairs.
Bottom line: Iran's crypto scene is under fire, and the government's response is to lock it down. Whether this stops the bleeding or just slows the inevitable, only time will tell.
#hack#Political Impact on Cryptocurrency#Geopolitics#cybersecurity#Cryptocurrency sanctions
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