Iran has announced that it will take extraordinary measures following the Israeli attack on Cryptocurrency Exchanges!

The Central Bank of Iran has imposed restrictions on the operating hours of local crypto exchanges following a large-scale cyber attack on the country's largest crypto exchange, Nobitex. According to the new regulation, exchanges will only be able to operate between 10:00 and 20:00.

The restriction in question came after an attack on the Tehran-based Nobitex exchange, where more than $90 million worth of cryptocurrency was stolen. The attack was claimed by the Israel-friendly hacker group Gonjeshke Darande (Raptor Sparrow).

In a post on Twitter( under the name X )eski, the group announced that they had infiltrated Nobitex's infrastructure and threatened to publish the platform's source code and internal data. A day earlier, the same group announced that it had carried out an attack on the state-owned bank Bank Sepah.

According to cybersecurity companies, the attackers did not use the stolen funds for profit. Instead, they "burned" the assets in an irretrievable manner, meaning they transferred them to wallets without a private key, rendering them inaccessible. The presence of derogatory statements against the Iranian Revolutionary Guards in some of these wallets indicates that the attack was politically motivated, rather than financially.

Blockchain analytics firm Elliptic confirmed that more than $90 million in assets from Nobitex were transferred to these "burn" wallets, while Chainalysis found the incident to be in line with a pattern of cyberattacks common during times of heightened Israeli-Iranian tensions.

*This is not investment advice.

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