Iranian Crypto Assets exchange Nobitex has begun to restore services after suffering an attack of $90 million.

Gate News bot news, according to The Block, Iran’s largest Crypto Assets exchange Nobitex has begun to slowly restore services to users after being targeted by a $90 million attack launched by a pro-Israel organization at the beginning of June.

Nobitex stated on X that the exchange is only open to verified users, but the withdrawal, deposit, and trading services remain disabled. Nobitex had previously stated that it plans to resume withdrawal services on June 30 (Monday), but the company noted that the specific timeline may be subject to change.

The pro-Israel hacker group Gonjeshke Darande, which claims to be the mastermind behind this attack, destroyed the stolen funds and shared what they claimed to be part of the platform’s source code, further exacerbating the losses suffered by Nobitex.

TRM Labs speculates that Israel may have used information stolen from Nobitex to arrest an Iranian agent stationed in Israel who was paid in Crypto Assets.

Nobitex announced that due to this attack, it has migrated users’ wallets, and deposits in existing wallets will be invalid.

According to data from Chainalysis, Nobitex’s total inflow reached $11 billion, far exceeding other Iranian crypto exchanges. In contrast, the total inflow of the next ten crypto exchanges was less than $7.5 billion. The research firm also linked Nobitex to “a number of illegal actors,” including ransomware operators associated with the Iranian Revolutionary Guard (IRGC) and sanctioned Russian crypto exchanges.

Similar to Russia, the use of cryptocurrency in Iran is often related to evading international monetary sanctions.

Nobitex CEO Amir Rad stated that the investigation into this leak incident indicates that it has received support from the Israeli government, and claims that Nobitex is a private company with no connections to the Iranian government or military.