The CEO of the cryptocurrency exchange Nobitex, in a letter to the Minister of Communications, asked for an FX loan from the National Development Fund.

In the letter, he stated that the damage caused by the $100 million hack of the exchange last year had been covered from the company’s assets and the shareholders’ capital.

The letter says: “We compensated for the loss resulting from the $100 million hack last year from the company’s assets and the shareholders’ capital, and this has slowed the company’s development process.”

Nobitex’s CEO also linked the loss of the exchange’s assets in Khordad 1404 to the war between Israel and the Islamic Republic, and said: “The damage incurred was part of the consequences of the war.”