Iranian cryptocurrency exchange Nobitex was hacked, resulting in around $48.65 million worth of crypto assets being transferred on the Tron network.
A pro-Israel hacker group named Gonjeshke Darande has claimed responsibility for the cyberattack, accusing Nobitex of supporting terrorism and violating international sanctions.
The hackers threatened to release Nobitex's source code and internal data, putting all remaining assets at risk.
Nobitex confirmed the breach, suspended access, and assured users that customer assets in cold storage were not affected.
The exchange pledged full compensation through its insurance fund and internal reserves.
The breach occurred amid increasing tensions between Iran and Israel, with both sides escalating attacks.
Nobitex has been linked to facilitating over 85% of crypto inflows to sanctioned entities, as reported by TRM Labs.