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Hackers steal and destroy millions from Iran’s largest crypto exchange
- Iran's largest crypto exchange, Nobitex, was hacked, leading to funds being drained from its hot wallet.
- The company detected unauthorized access to its infrastructure and hot wallet, storing customers' cryptocurrency.
- Hackers stole at least $90 million of Nobitex's assets by sending the crypto to inaccessible wallets.
- Blockchain analysis firm Elliptic confirmed the funds were effectively taken out of circulation.
- The cyberattack was claimed by the hacking group Predatory Sparrow, known for targeting Iranian organizations.
- The group alleged Nobitex financed terrorism for the Iranian regime and evaded international sanctions.
- Nobitex has over 10 million customers, according to archived data.
- Predatory Sparrow also claimed responsibility for a hack on Iran's Bank Sepah, causing ATM outages.
- Israel and Iran are engaging in cyberattacks amid military conflict.
- Predatory Sparrow, tied to Israeli interests, has a history of targeting Iranian entities.
- Iranian media reported Israel conducting a cyber war against Iran's digital infrastructure.
- Nobitex stated its website and app will be unavailable during the investigation.
- The incident highlights security challenges in the cryptocurrency sector.
- The hack underscores the ongoing geopolitical tensions between Israel and Iran.
- The situation raises concerns about the vulnerability of digital assets to cyber threats.
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