Iran's biggest crypto exchange, Nobitex, has begun restoring wallet access after a cyberattack that stole over$90 million this month. Wallet reactivation is being carried out in phases, starting with verified users and spot wallets, while other wallets will reopen once identity checks are completed.

Users were urged to update their details promptly, as deposits sent to old wallet addresses now risk permanent loss due to a complete system migration.

Nobitex warned that withdrawal, deposit, and trading services for verified users would resume as soon as security checks allow. Timelines may change depending on technical conditions.

Following the breach, Iran's central bank mandated domestic exchanges to restrict operating hours from 10 am to 8 pm to improve security.

The pro-Israel hacking group Predatory Sparrow claimed responsibility, highlighting rising regional cyber tensions. Nobitex remains central to Iran's growing crypto market, but the attack has shaken user trust and raised concerns over the country's financial cybersecurity.