The post Iran’s Largest Crypto Exchange Nobitex Hacked for Over $80 Million Amid Israeli-Iran Conflict appeared on BitcoinEthereumNews.com.

Crypto wallets linked to Iranian crypto exchange Nobitex suffered more than $80 million in outflows amid claims of a targeted attack by the hacker group Gonjeshke Darande. Nobitex, one of the largest crypto exchanges in Iran, has lost $81.7 million in a crypto hack tied to the growing cyber front in the ongoing conflict between Israel and Iran. The hack, first flagged by blockchain sleuth ZachXBT in a Telegram post on Wednesday, appears to be targeting several of the exchange’s hot wallets across TRON, Bitcoin, Ethereum, and other EVM chains. Several wallet addresses used in the attack included political vanity names, such as “TKFuckiRGCTerroristsNoBiTEXy2r7mNX,” which holds the majority of the stolen assets on Tron – $48.6 million in USDT. Screenshot from Tronscan Nobitex confirmed signs of unauthorized access to parts of its infrastructure and hot wallets. In an X post on June 18, the exchange said that “Immediately after detection, all access was stopped, and our internal security teams are conducting a thorough investigation of the incident’s scope.” The exchange also stressed that “users’ assets are completely secure according to cold storage standards,” though it did not offer any proof that cold wallets are actually in use. According to ZachXBT, the stolen funds were “essentially burned permanently and cannot be touched unless stablecoin issuers were to reissue the centralized stablecoins.” Nobitex also accepted “full responsibility” for the incident and assured users that “all damages will be compensated through the insurance fund and Nobitex resources,” but declined to specify the scale of the hack. Until the investigation is complete, the exchange has suspended access to its website and app. The hack comes amid escalating tensions between Israel and Iran, which have unsettled the cryptocurrency market. Jonathan de Wet, Chief Investment Officer at digital asset trading firm Zerocap, told The Defiant earlier…

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Filed under: News - @ June 18, 2025 12:24 pm