Iran Imposes 10‑8 Curfew After $100M Nobitex Hack

• Iran restricts crypto exchange hours to 10 am–8 pm.
• The $100M Nobitex breach raises fears over capital flight.
• Chainalysis reports the curfew aims to tighten transaction oversight.

Understanding Iran’s New Crypto Curfew

In response to a staggering $100 million hack at Nobitex, Iran has introduced a strict operating curfew on local cryptocurrency exchanges. Starting now, exchanges are only permitted to operate between 10 am and 8 pm local time. This measure, according to Chainalysis, appears designed to curb capital flight and increase oversight of crypto transactions.

Why the Curfew Matters

Nobitex’s breach, one of the largest exploits in the region, exposed vulnerabilities in Iran’s nascent crypto infrastructure. By limiting operations to fixed daytime hours, authorities can closely monitor flows, detect unusual patterns, and intervene in real time. Chainalysis analysts suggest this move helps curb illicit transfers abroad, preserving economic stability amid tight sanctions.

Implications for Traders & the Market

For Iranian traders and exchanges, the curfew changes the rhythm of crypto activity:

• Reduced flexibility: No late-night trading potentially lowers liquidity.
• Heightened scrutiny: Less anonymity; heightened risk for grey‑market transfers.
• Market impact: Price volatility may increase during compressed hours.

Smaller exchanges may struggle with reduced revenue windows, while traders might shift to peer‑to‑peer platforms or offshore services. But the curfew also signals a maturing regulatory posture, acknowledging cryptocurrency’s growing role—and risk—in Iran’s financial ecosystem.

Read Also:

• Trump Family Cuts Stake in World Liberty Financial Venture
• Australian Digital Dollar Stablecoin Launches on Hedera
• XRP Ledger Welcomes XAO DAO for On‑Chain Governance
• BlockDAG is Top Trending Right Now as Presale Rushes to $600M While ETH Moves Toward $3,060 & ADA Aims for $1.80
• Bitget Secures Crypto License in Georgia’s Booming Market