Iranian authorities have limited cryptocurrency exchange operation schedules, ensuring that they only work between 10am and night hours.
This scale was implemented after a high-range cyber attack that hit NobitexIran’s leading crypto-active platform, causing losses of over $90 million (USD).
The incident, which took place on Wednesday, June 18, caused loss of funds in a variety of cryptocurrencies, including Bitcoin (BTC), ethher (ETH), Dogecoin (Doge), XRP, Solana (Sun), Tron and Toncoin.
As reported by Cryptonotics, the Gonjeshke Darende Group of Proisorael, also known as “Predatry Sparrow”, was awarded responsible for the attack.
In fact, the group has threatened to not only hack but spread inside information and platform source code, and accusing them of being the digital division of the Iranian regime.
According to Gonjeshke Darende, these statements make Noubitex an important actor in financing illegal activities and avoiding international sanctions.
The attack will be added to another recent attribution resulting from the same group as Bank Sepa from White, one of Iran’s largest provincial banks. Currently, authorities are facing a constant rise in cyberattacks, with more than 6,700 recent reported attempts (DDOs).
A new report from the Chain Isis research company on the chain revealed that Lass wallet Attackers were employed as temporary instructions for unique use.suggesting that the main purpose of the cyberattack was to cause political or unstable effects rather than obtaining personal economic benefits.
Nobitex, which manages total transactions over $11 billion, has issued a statement to reassure users that their funds are protected, according to the report. Meanwhile, the platform has transferred large quantities of Bitcoin to new cold storage wallets to enhance safety.
According to the chain license, Time limits on cryptocurrency exchanges appear to be integrated into a broader government strategy to increase supervision and control About country trade.
“This operational curfew could indicate an increased pressure on exchanges operating within Iran as the administration seeks to manage systematic risks in a market where the government plays a major role in navigation around global sanctions,” Chainissis said.