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  1. News
  2. Crypto News
  3. Nobitex Crypto Exchange Suffers $100M Hack Amid Iran-Israel Tensions

Nobitex Crypto Exchange Suffers $100M Hack Amid Iran-Israel Tensions

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Nobitex Crypto Exchange- Hackers Target Nobitex, Expose Sensitive Crypto Exchange Data

Nobitex Crypto Exchange– Gonjeshke Darande, a pro-Israel hacker group, has claimed responsibility for the recent cyberattack on Iran’s Nobitex cryptocurrency exchange. The group alleges it has leaked critical source code of the platform on the social media site X. “Assets left in Nobitex are now entirely out in the open,” they stated, sharing screenshots showing sensitive exchange deployment codes, privacy protocols, and user interface details that could further jeopardize the platform’s security.

Massive Crypto Theft Reported

Earlier on Wednesday, suspicious withdrawals from Nobitex wallets on the Tron and EVM networks were reported by onchain analyst ZachXBT. Nobitex confirmed that over $100 million worth of cryptocurrency was stolen and subsequently moved or destroyed by the attackers. The exchange condemned the attack, saying, “It is clear that the intention behind this attack was to harm the peace of mind and assets of our fellow citizens under false pretenses.”

Gonjeshke Darande described Nobitex as a “key regime tool” used for financing terrorism and bypassing sanctions. The group’s actions appear tied to the ongoing geopolitical tensions between Iran and Israel, which have intensified in recent months with missile strikes and strategic conflicts.

Nobitex’s Role in Sanctioned Crypto Activity

Chainalysis, an onchain analytics firm, highlighted Nobitex’s significant role in Iran’s sanctioned crypto market. The exchange functions as a critical gateway for Iranian users isolated from traditional financial systems, linking to illicit actors including IRGC-affiliated ransomware groups and sanctioned Russian exchanges.

Following the attack, Iranian authorities restricted local crypto exchanges to operate only between 10 a.m. and 8 p.m., according to Chainalysis.

Nicholas Smart, VP of blockchain intelligence at Crystal Intelligence, described the attack as “reckless” and “ignorant,” underscoring the challenges of balancing cryptocurrency’s borderless nature with geopolitical realities.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.

Nobitex Crypto Exchange Suffers $100M Hack Amid Iran-Israel Tensions

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Nobitex Crypto Exchange Suffers $100M Hack Amid Iran-Israel Tensions
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