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Home Cryptocurrency

Hackers steal and destroy millions from Iran’s largest crypto exchange

newszabi@gmail.com by newszabi@gmail.com
June 20, 2025
in Cryptocurrency
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Hackers steal and destroy millions from Iran’s largest crypto exchange
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Iran’s largest crypto alternate, Nobitex, stated Wednesday that it was hacked and funds have been drained from its sizzling pockets.

In a press release on its web site translated by TechCrunch, Nobitex stated it detected unauthorized entry to its infrastructure and sizzling pockets, wherein the corporate shops a portion of its prospects’ cryptocurrency. The corporate stated it was investigating the incident, and that its web site and app could be unavailable for the foreseeable future.

Public records present the hackers stole at the least $90 million of the corporate’s property over a number of transactions. Blockchain evaluation agency Elliptic stated the hackers “burned” the stolen funds by sending the crypto to inaccessible wallets, successfully taking the cash out of circulation.

Nobitex has greater than 10 million prospects, based on an archived copy of Nobitex’s web site from final week.

Professional-Israel hacking group Predatory Sparrow (additionally recognized in Farsi as “Gonjeshke Darande”) took credit score for the cyberattack. In a post on X, the group stated it focused Nobitex for allegedly financing terrorism for the Iranian regime and evading worldwide sanctions.

A day earlier, the hacking group also claimed responsibility for a hack on Iran’s Bank Sepah leading to widespread outages at ATMs throughout the nation.

Information of the cyberattacks comes as Israel and Iran assault one another’s cities. It’s not clear who’s behind Predatory Sparrow, which first appeared in 2021, however the hacking group has targeted Iranian organizations with destructive cyberattacks in the past, and broadly seems aligned with Israeli pursuits. 

Iranian information outlet IRIB stated Tuesday that amid the continuing navy battle, Israel had “launched an enormous cyber battle towards [Iran’s] digital infrastructure to disrupt the method of offering providers.” 



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