Tehran, June 30, 2025 – Iranian crypto exchange Nobitex has officially begun restoring user services following a serious hacking incident earlier this month that forced the platform into a temporary shutdown. The recovery process is now underway, starting with wallet access for verified users, and will extend gradually to all functionalities over the coming days.
According to a detailed update posted on X , Nobitex confirmed that wallet visibility will return in phases. The initial focus is on spot wallets, with access being granted first to users who have completed identity verification (KYC). Other wallet types will follow in the coming stages.
“Once the accuracy and security of all information is confirmed, Nobitex will begin displaying wallet balances in phases,” the communications team stated.
“The process is expected to be completed by mid-week.”
Gradual Recovery Under Strict Security Checks
Nobitex also noted that while the goal is to restore trading, deposits, and withdrawals as quickly as possible, technical factors and additional security validations could cause timeline shifts. The exchange has asked users to be patient and to wait until account verification is finalized before expecting full wallet access.
This phased restoration marks the latest step in Nobitex’s response to a breach that impacted thousands of users and prompted widespread concerns about platform security in the Iranian crypto community.
Critical Warning on Deposit Addresses
One of the key risks addressed in the update involves deprecated wallet addresses. Due to system migration, previous deposit addresses are now invalid. Nobitex warned that any transfers made to old addresses could result in permanent loss of funds.
Users are urged to:
- Delete old wallet addresses saved in blockchain tools or mining rigs
- Replace them with the new addresses issued by Nobitex
- Avoid sending any crypto until the new address is confirmed and visible
Support is available via live chat and phone for users needing assistance during the transition.
Final Thoughts: Nobitex Faces Crucial Trust Test After Security Breach
This incident places Nobitex at a turning point. As Iran’s largest exchange, its ability to recover transparently and securely will be key to restoring user trust. With crypto adoption rising in the region, the exchange must now prove it can deliver on security, transparency, and reliability — or risk losing ground to emerging competitors.
