Iran’s Nobitex loses $100 million to symbolic cyberattack
The post Iran’s Nobitex loses $100 million to symbolic cyberattack appeared on BitcoinEthereumNews.com. Iranian crypto exchange Nobitex has confirmed that it lost nearly $100 million in a cyberattack by a politically motivated hacking group. The breach, which occurred on July 18, has shaken the local crypto community and triggered a government-imposed curfew on crypto trading platforms nationwide. The attack was claimed by an Israel-linked group calling itself Gonjeshke Darande—translated as “Predatory Sparrow.” The group alleged that Nobitex supported Iran’s military activities and helped users bypass international sanctions. Early reports estimated the losses at around $48 million. But according to Nobitex’s latest disclosure, the figure is now more than double. Hackers burn stolen funds, leak code Following the breach, the attackers claimed to have sent the stolen crypto to several wallet addresses explicitly designed to destroy the funds. These addresses included slurs and references targeting Iran’s Islamic Revolutionary Guard Corps (IRGC), indicating that the goal was more about symbolism than theft. Tom Robinson, co-founder of blockchain analytics firm Elliptic, explained the strategy to CryptoSlate, saying: “The hackers sent the stolen funds to crypto addresses that it’s impossible they would have the private keys for. So they’ve effectively burned all this money, just to send a message.” Nobitex also confirmed that the assets were moved to wallets with arbitrary, non-standard addresses, making recovery almost impossible. It said: “The stolen assets were transferred to a wallet with a non-standard address composed of arbitrary characters—an approach that deviates significantly from conventional crypto exchange hacks. These wallets were used to burn and destroy user assets. 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.” Adding to the turmoil, Gonjeshke Darande claimed to have leaked portions of Nobitex’s source code on the social media platform X. Nobitex to reimburse users Despite the scale…
The post Iran’s Nobitex loses $100 million to symbolic cyberattack appeared on BitcoinEthereumNews.com.
Iranian crypto exchange Nobitex has confirmed that it lost nearly $100 million in a cyberattack by a politically motivated hacking group. The breach, which occurred on July 18, has shaken the local crypto community and triggered a government-imposed curfew on crypto trading platforms nationwide. The attack was claimed by an Israel-linked group calling itself Gonjeshke Darande—translated as “Predatory Sparrow.” The group alleged that Nobitex supported Iran’s military activities and helped users bypass international sanctions. Early reports estimated the losses at around $48 million. But according to Nobitex’s latest disclosure, the figure is now more than double. Hackers burn stolen funds, leak code Following the breach, the attackers claimed to have sent the stolen crypto to several wallet addresses explicitly designed to destroy the funds. These addresses included slurs and references targeting Iran’s Islamic Revolutionary Guard Corps (IRGC), indicating that the goal was more about symbolism than theft. Tom Robinson, co-founder of blockchain analytics firm Elliptic, explained the strategy to CryptoSlate, saying: “The hackers sent the stolen funds to crypto addresses that it’s impossible they would have the private keys for. So they’ve effectively burned all this money, just to send a message.” Nobitex also confirmed that the assets were moved to wallets with arbitrary, non-standard addresses, making recovery almost impossible. It said: “The stolen assets were transferred to a wallet with a non-standard address composed of arbitrary characters—an approach that deviates significantly from conventional crypto exchange hacks. These wallets were used to burn and destroy user assets. 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.” Adding to the turmoil, Gonjeshke Darande claimed to have leaked portions of Nobitex’s source code on the social media platform X. Nobitex to reimburse users Despite the scale…
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