Nobitex Slowly Restores Services After Major Hack
Iran’s biggest crypto exchange, Nobitex, is picking up the pieces after a devastating security breach—one that reportedly cost them around $90 million. The platform has started letting users back in, but it’s happening in stages, and not everyone’s happy about the pace.
Over the weekend, Nobitex confirmed on Twitter that wallet access was being restored “step by step,” starting with verified users. Spot wallets come first, then others. But there’s a catch: you’ll need to go through identity checks before seeing your balance or making trades. And even then, full functionality might take a while.
The company hasn’t said much about how the hack happened, but industry insiders are calling it one of Iran’s worst crypto disruptions. Frozen funds, lost trading capacity, and a messy migration process all add up to a $90 million headache.
Users Told to Hold Off on Deposits
Here’s the tricky part—Nobitex is warning users *not* to send money to old wallet addresses. If you do, those funds could vanish. The exchange is rolling out new addresses as part of its security overhaul, so anyone with automated setups (like mining rigs) needs to pause transactions until everything’s updated.
“Previous addresses are no longer valid,” the company stated bluntly. It’s a necessary move, but one that’s bound to frustrate people who just want their crypto back.
Customer support is still running, but responses are slower than usual. Between the flood of requests and the verification backlog, don’t expect quick fixes. Nobitex admits as much, asking users to bear with them.
Rebuilding Trust—Or Trying To
Transparency has been Nobitex’s main strategy so far. Regular social media updates, in-app alerts, and a June 29 post thanking users for their patience. They’re promising tighter security, but after a breach this big, words only go so far.
The real test will be whether users stick around once services fully return. For now, it’s a waiting game—one with a lot of fine print.
