💥 Nobitex Hacked for $100 Million: Source Code Leaked by Pro-Israel Group

On June 18, 2025, the crypto world was rocked by a massive cyberattack on Iran’s largest crypto exchange, Nobitex, resulting in an estimated $100 million in stolen or burned funds—and the leak of the platform’s entire source code.

🔍 What Happened?

A hacker group calling themselves “Gonjeshke Darande” (Predatory Sparrow) claimed responsibility. They announced that they:

  • Broke into Nobitex’s internal systems
  • Destroyed or burned nearly $100M in digital assets
  • Leaked the entire source code to the public

“We send a message to the Iranian regime and financial institutions that fund terrorism,” the group stated in a message accompanying the data leak.

💣 Not Just About the Money

Unlike typical crypto hacks driven by profit, this incident appears deeply political:

  • Most funds were sent to burn addresses—irretrievable wallets that permanently remove crypto from circulation.
  • The hackers accused Nobitex of helping Iran’s IRGC (Islamic Revolutionary Guard Corps) bypass international sanctions.
  • It’s part of a broader cyber campaign against Iran’s digital infrastructure, tied to ongoing geopolitical tensions with Israel.

🧠 Why the Source Code Leak Is a Big Deal

The leaked source code poses major security and business risks:

  • Potential for new vulnerabilities to be exploited by other hackers
  • Loss of user trust in Nobitex’s cybersecurity
  • Competitors or state actors might analyze or replicate their system

🧯 Nobitex and Iran’s Response

Nobitex confirmed the breach and stated they were working on restoring services. While they claimed no additional funds were lost, they have yet to provide a full recovery timeline.

Iran’s authorities quickly responded with strict measures:

  • Crypto trading restricted between 10:00 AM – 8:00 PM
  • Tighter surveillance of all domestic exchanges

⚠️ What Should Users Do?

If you’re a Nobitex user or use crypto platforms in high-risk regions, consider the following:

✅ Move your assets to non-custodial cold wallets
✅ Avoid leaving funds on centralized exchanges
✅ Monitor official security updates
✅ Enable 2FA and audit your transaction history regularly

🧭 Final Thoughts

This isn’t just another hack—it’s a cyberwar escalation with real financial casualties. As geopolitics increasingly spills into the digital financial world, both platforms and users must remain more vigilant than ever.

Sources: Cointelegraph, The Guardian, Reuters, WSJ

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