Nobitex $90M Hack Show Code During Iran-Israel Wahala
Nobitex, di biggest crypto exchange for Iran, dem bin hack for $90 million wit di attackers dem comot full source code, security settings and server details put for online. Dem carry commot about 1,200 BTC, 50,000 ETH plus 30 million USDT and burn token for di hot wallets. Because of dat, Iran central bank come restrict domestic exchange hours from 10 a.m. to 8 p.m. to reduce overnight wahala. Nobitex stop withdrawal, no talk say any more loss happen, and dem wan make service dey normal again inside five days even though internet no steady. Dis kind breach show say geopolitical risk for crypto market don high and e dey make traders dey check security protocols and dey watch Iran-Israel tension well well.
Bearish
Di big $90 million hack don reduce trust for Nobitex and di whole crypto space, e fit make people wan sell di affected assets dem (BTC, ETH, USDT). Short term, traders fit dey liquidate their positions because of di uncertainty; long term, tight regulations and security measures fit slow down adoption and market growth, wey go cause bearish pressure for major cryptocurrencies dem.