Krutika Adani
Nobitex was drained of $100M in crypto by hacker group Gonjeshke Darande, who burned the stolen funds in a politically motivated cyberattack.
In response, Iran's central bank imposed a crypto exchange curfew to curb capital flight and gain control over cross-border transactions.
Unlike most hacks, this one aimed to hurt Iran’s regime. The stolen tokens were burned, not laundered—making the funds permanently inaccessible.
Nobitex moved hot wallet funds to cold storage and promised full reimbursements using its Reserve Fund. But user access remains blocked.
As Iran’s key crypto gateway, Nobitex’s hack and curfew have sent shockwaves through the country's digital economy and its global connections.