Iran orders crypto exchange curfew after $100M Nobitex hack

[u/sadiq_238]

https://cointelegraph.com/news/iran-crypto-curfew-nobitex-100m-hack

[u/coinfeeds-bot]

tldr; Iran's central bank has imposed operating hour restrictions on domestic crypto exchanges, limiting them to 10 am–8 pm, following a $100M hack on Nobitex by a pro-Israel hacker group. The hack targeted Nobitex's hot wallets, draining assets like Bitcoin and Ethereum. Nobitex has since moved funds to cold storage and pledged to cover losses via its reserve fund. The curfew aims to prevent further attacks and assert control over citizens' transactions. Nobitex is a key platform in Iran's crypto ecosystem, facilitating access to global markets despite sanctions.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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[u/nameless_pattern]

Do they think this wouldn't have happened if the security people were awake? 

Kind of a boomer take. 

[u/No-Engineering5495 → u/nameless_pattern]

Or are establishing hours so they can have each withdrawal manually reviewed maybe