Iran orders crypto exchange curfew after $100M Nobitex hack

Chainalysis’s head of national security intelligence told Cointelegraph the curfew is likely an attempt to prevent people from transferring capital out of the country.

The central bank of Iran has reportedly imposed strict operating hours on its domestic crypto exchanges following a $100 million exploit on Nobitex by a pro-Israel hacker group.

In a blog post on Wednesday, Chainalysis cited reports saying domestic crypto exchanges in Iran are now limited to operating hours between 10 am and 8 pm. 

Chainalysis's head of national security intelligence, Andrew Fierman, told Cointelegraph the curfew is likely an attempt to stay on top of any further attacks, because “incidents are easier to triage if they’re not happening in the middle of the night.” 

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