Administrators of Bonbast.com, Iran’s leading website for tracking the rial’s open-market exchange rate, took it offline due to severe distributed denial-of-service (DDoS) attacks and security concerns after criticism from Central Bank Governor Mohammad Reza Farzin. The shutdown removes a crucial data source for foreign exchange traders and citizens as the rial hits record lows against the U.S. dollar amid an energy crisis and the incoming Trump presidency. The currency’s depreciation is attributed to conflicts with Israel, the U.S. and Western sanctions, and lower oil prices. Farzin claimed Bonbast gave an “unrealistic signal” to the market, while the website’s representative cited security risks for their decision.
Iran's Currency Website Shut Down Amid Cyber Attacks and Central Bank Criticism
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