Iran’s Nobitex Bounces Back from $90M Cyberattack Linked to Pro-Israel Hackers

Nobitex—Iran's largest crypto exchange—just pulled off a Lazarus-level comeback after a $90 million breach tied to politically motivated hackers.

How the hack unfolded:

Attackers exploited undisclosed vulnerabilities, draining funds in what appears to be a targeted strike against Iran's crypto infrastructure. The pro-Israel connection adds geopolitical spice to what could've been another forgettable security failure.

The rebound strategy:

Nobitex implemented emergency cold wallet transfers and blockchain forensics—standard crisis playbook stuff, but executed with unusual speed. Their PR team deserves hazard pay for spinning this as a 'stress test' rather than a systemic failure.

Why it matters:

When even sanctions-busting exchanges get hacked, it's a wake-up call for every CEX pretending their 'military-grade security' isn't just two-factor auth and prayers. Bonus reality check: $90M disappears faster than a trader's profits during a whale dump.

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Michaela informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the shiba inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.