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Iranian Crypto Exchange Hacked for $48M, Israel-Linked Group Claims Responsibility

  • Iranian crypto exchange Nobitex was hacked for $48M, with hot wallets and parts of its reporting infrastructure targeted.
  • Nobitex immediately suspended all access, initiated an internal investigation, and assured users of compensation through insurance and company resources.
  • The breach did not compromise cold wallet funds, and the platform took its website and mobile app offline during the investigation.
  • A group named "Gonjeshke Darande" or "Predatory Sparrow" claimed responsibility for the attack, alleging Nobitex's involvement in supporting the Iranian regime and sanctions evasion.
  • Predatory Sparrow threatened to leak Nobitex's source code and internal documents, raising concerns for users' assets on the exchange.
  • While no direct ties to the Israeli government have been confirmed, Predatory Sparrow is described as "Israel-linked" by some media outlets.
  • The incident represents one of the largest crypto breaches in the Middle East this year, highlighting the increasing intersection of cyberwarfare with the global crypto economy.

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