Iran’s Crypto Exchange Nobitex Loses $48 Million in Wallet Hack
Iran’s premier cryptocurrency exchange, Nobitex, confirmed early Wednesday that hackers breached its hot wallet infrastructure, siphoning approximately $48 million in digital assets. The incident has sparked renewed concerns regarding exchange security and regulatory oversight in the country’s rapidly expanding crypto market. According to a security notification issued by Binance today, Nobitex detected “unauthorized access to some notification […]
Central Bank of Iran to Introduce CBDC Soon
Mohammad Reza Farzin, the governor of the Central Bank of Iran (CBI), announced at a national banking conference on November 25 that Iran will introduce a central bank digital currency (CBDC) shortly. He emphasized the country’s advanced digital financial infrastructure and vowed to innovate despite sanctions. According to Tasnim, Farzin stated at the Modern Banking […]
Iran Reportedly Hacked Donald Trump’s US Election Campaign
In ongoing tensions between the U.S. and Iran, Donald Trump’s 2024 US election campaign has accused Iran of breaking its internal communications, which created speculation. Reports indicate that Donald Trump’s US election campaign was recently compromised. The campaign accuses Iran of being responsible for the security breach, which has compromised internal communications. This incident has […]
Iran Plans to Introduce National Digital Currency
The digital rial, which will allow banking clients to conduct cashless transactions, is about to undergo experimental testing by Iran’s central bank. In an effort to modernize and streamline domestic transactions, the Central Bank of Iran (CBI), often referred to as Bank Markazi, has declared the start of the operational phase of its digital currency, […]
OFAC Sanctions Entities Behind Iran’s Digital Currency Program
Organizations that unlawfully exported technology to Iran, including one that created the digital currency platform used by the Iranian central bank, were sanctioned by the U.S. Treasury. A press release from the Department of Treasury’s Office of Foreign Assets Control (OFAC) stated that sanctions were placed on a group of organizations on February 14 for […]