Jun 19, 07:00 AM

Iran Central Bank Curbs Crypto Exchange Hours After $100 Million Hack

The Central Bank of Iran has ordered all domestic cryptocurrency exchanges to restrict their operating hours to 10 a.m.–8 p.m. local time, responding to a security breach at Nobitex that siphoned about $100 million worth of digital assets. Blockchain-analysis firm Chainalysis, which disclosed the scale of the Nobitex exploit, said the time-bound curfew is meant to tighten oversight, reduce off-hours vulnerabilities and stem potential capital flight in the wake of the incident.

#Central Bank of Iran #Nobitex #Chainalysis

Written with ChatGPT .

Sources

pickle@Pickle_cRypto
1 year ago
what time does binance withdrawal 24hr limit reset (pls state timezone)
Mpost Media Group@mpost_io
1 year ago
❌ The Central Bank of Iran has reportedly imposed strict operating hours on domestic #crypto exchanges following an exploit on @nobitexmarket. The platforms are now limited to operating between 10 a.m. and 8 p.m. Andrew Fierman, Head of National Security Intelligence at https://t.co/8B9jbSaBvD
Wu Blockchain@WuBlockchain
1 year ago
Iran's central bank has ordered local crypto exchanges to operate only between 10 AM and 8 PM to tighten oversight and reduce risks of incidents like the Nobitex hack during off-hours. https://t.co/kiLff8sXud https://t.co/aySfH2OTnr

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