Nobitex is gradually restoring its services after the $90 million incident

Following the security crisis associated with Israeli hackers, nobitex, Iran’s largest cryptocurrency exchange, is trying to restore its services and services to users.

Nobitex navigates the aftermath of what is widely seen as one of the most important code turmoils in Iran’s recent history. The exchange is under pressure to complete the wallet repair and protect the user’s assets.

Follow – Step by Step Wallet Access was launched on June 29, 2025 regarding Nobitex Security Incident

please note:

1. This process is run gradually from a verified user, initially starting for a spot wallet, then using other types of wallets.

2. identity…

-NOBITEX | Nobitis (@nobitexmarket) June 29, 2025

Nobitex is gradually restoring its services

Nobitex, Iran’s largest cryptocurrency exchange, has begun restoring limited user access to its account after a hack, costing an estimated $90 million in collateral damage.

“Step-by-step wallet access has been launched,” the Iranian exchange confirmed on Saturday, emphasizing that deployments will proceed carefully to maintain security and system integrity.

The platform also emphasized that the identity verification process is a must-have step for all users seeking to access the wallet. Until verification is complete, users may not be able to check the balance of their wallets or use exchange trading, deposits, or withdrawal services.

The Nobitex team said balance visibility will be introduced in the phase, depending on the progress of the security check and user ID verification. You can also adjust the completion timeline during the week.

“We are working to resume withdrawal, deposit and trading services for users who have been verified with minimal delay,” the Nobitex Communications team said in an official statement.

Users still have security concerns

Nobitex’s recovery efforts followed a massive security crisis earlier this month. Nobitex has yet to disclose the full scope of the violation, but multiple industry sources predict that they have lost shocking damages in potential damages, including frozen user funds, loss of trading capabilities, from the technical aspects that the company faces during platform migration and verification overhauls.

As part of our recovery and migration efforts, Nobitex is implementing a comprehensive wallet system update. The exchange strongly advises users not to send funds to old deposit addresses, warning that transactions to previously used wallet addresses can lead to irreversible losses.

All users, especially those with automated systems such as mining rigs and preset withdrawal configurations, are expected to refrain from transfers until a new verified wallet address is issued.

“With the transition to the wallet system, previous addresses are no longer valid, and deposits made on them can lead to loss of funds,” Nobitex writes.

This precaution is aimed at preventing further confusion, particularly as Nobitex is currently trying to rebuild trust among its user base in the wake of an incident.

Nobitex customer support is still active through company live chat and telephone lines. However, the company said the ongoing crisis and complex revalidation procedures could lead to slower responses and delays in support resolution.

So far, the company has been transparent about its restoration efforts and has issued multiple updates on social media and in-app notifications. The June 29th post thanked the users for their patience and committed to maintaining safety and data integrity as the platform returns online.