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🚨 $100M Crypto Heist: Hackers Pummel Nobitex in Security Catastrophe

🚨 $100M Crypto Heist: Hackers Pummel Nobitex in Security Catastrophe

Author:
CoinTurk
Published:
2025-06-19 05:16:00
14
1

Another day, another crypto exchange learns the hard way that 'trustless' doesn't mean 'hack-proof.'

## The Breach That Blew Past Defenses

Nobitex joins the hall of shame after digital bandits looted $100M—proving once again that nine-figure security budgets still can't outsmart a clever exploit.

## Cold Wallets? More Like Lukewarm Defense

Insiders whisper about compromised private keys, while the exchange's 'impenetrable' multi-sig setup now looks about as sturdy as a paper wallet. Cue the obligatory 'funds are SAFU' tweetstorm.

## The Aftermath: Trust in Shambles

With OTC desks freezing Nobitex-linked trades and arbitrage bots feasting on the chaos, the real victims—retail traders—are left holding empty bags. But hey, at least the hackers got a masterclass in crypto laundering (ask your local compliance officer how that works).

Final thought: Maybe decentralized exchanges had a point all along—just don't look too closely at last week's MEV exploit.

A Heist Exceeding $100 Million

After the attack, Gonjeshke Darande swiftly took responsibility, making headlines with their social media posts. They shared screenshots allegedly containing sensitive sections of Nobitex’s coding vital for exchanges, privacy, and user interface. Such disclosures pose significant security risks to the cryptocurrency exchange.

Hack Grubu Gonjeshke Darande’s Declaration

The breach came to light when blockchain researcher ZachXBT identified unusual withdrawals from Nobitex’s wallets on the TRON and EVM networks. Nobitex validated that the stolen cryptocurrency amounted to more than $100 million. It was reported that the perpetrators moved and destroyed the stolen funds.

Nobitex Hacking Incident

Following this incident, Iranian authorities limited operational hours for local cryptocurrency exchanges. According to Chainalysis, these exchanges are now only operational from 10:00 AM to 8:00 PM.

Motivations Behind the Attack

Gonjeshke Darande justified their actions by accusing Nobitex of being an instrumental tool for the regime in financing terrorism and violating sanctions. This attack occurred against a backdrop of increasing tensions between Iran and Israel, including missile attacks on cities and strategic points.

Meanwhile, a Chainalysis report issued a day before the incident stressed Nobitex’s pivotal role in Iran’s sanctioned cryptocurrency ecosystem. The report highlighted that Nobitex acts as a critical hub, enabling access to global markets for users cut off from traditional financial systems under heavy sanctions.

Chainalysis has previously linked Nobitex with illegal entities, including ransomware operators connected to Iran’s Islamic Revolutionary Guard Corps (IRGC) and sanctioned Russian cryptocurrency exchanges. The platform noted that the attack underscores the tension between cryptocurrency’s borderless nature and geopolitical realities imposed by nation-states.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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