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The Coin Rise 2025-06-18 16:06:47

Iran’s Nobitex Exchange Loses $81M in Security Breach

Iran’s Nobitex Exchange Loses $81M in Security Breach

Iran’s biggest crypto exchange, Nobitex, has been hacked, with over $81 million stolen from its wallets on different blockchains. The breach has raised fresh concerns about the safety of digital assets. It also points to growing cyber risks tied to global political tensions. This hack is part of a larger trend, as attacks on crypto platforms are becoming more frequent . Crypto Investigator Uncovers Nobitex Breach ZachXBT, a well-known blockchain investigator, was the first to report the incident. He noticed unusual movements of funds. At first, around $48.65 million was seen leaving wallets linked to Nobitex on the Tron blockchain. Soon after, more suspicious transactions were spotted on other chains like Ethereum. The total loss has now reached over $81 million. Nobitex later confirmed the hack, explaining that there was unauthorized access to part of its technical system. This includes one of its hot wallets, a wallet connected to the internet, which is often more vulnerable to attacks. The company said it will cover all losses using its insurance fund and internal resources. Pro-Israel Hacker Group Claims Responsibility The hacker used a custom Tron wallet address that included the phrase “TKFuckiRGCTerroristsNoBiTEX.” The term “IRGC” refers to Iran’s Islamic Revolutionary Guard Corps, a powerful part of the country’s military and intelligence network. This incident has attracted community attention. Many people think the attack might be linked to a bigger political conflict, especially with the recent tensions between Iran and Israel. In the past few months, both countries have launched missile strikes and cyberattacks against each other. Soon after the theft was reported, a hacker group called Gonjeshke Darande said they were behind it. This group is believed to support Israel and has been linked to other cyberattacks in the past. In a X post, the bad actors said the attack was carried out because Nobitex helps the Iranian government avoid global sanctions and fund terrorism. They said the attack was aimed at the Iranian government, not just at Nobitex. A Growing Trend in the Crypto Industry This is not the first time a crypto platform has been attacked for political reasons. Over the past two years, many crypto exchanges, decentralized finance (DeFi) platforms, and blockchain bridges have been hit. Some were targeted by criminals trying to steal money, while others were attacked by government-backed or politically driven groups. Countries like Iran, which face heavy sanctions, often use crypto to move money. That makes crypto platforms in these countries a bigger target for cyberattacks. Overall, hacking has become common in the crypto world. Reports show that billions of dollars are stolen each year because of weak security, human error, or planned attacks. This highlights how cybersecurity remains a big problem for many platforms in the crypto industry. The post Iran’s Nobitex Exchange Loses $81M in Security Breach appeared first on TheCoinrise.com .

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