Nobitex, a cryptocurrency exchange in Iran, has reported a major security breach resulting in the theft of tens of millions of dollars in digital assets. This incident highlights the ongoing conflict in the region.
Details of the Attack on Nobitex
On June 18, Nobitex announced unauthorized access to its hot wallet. The exchange did not reveal the specific financial losses but assured that affected clients would be fully compensated. Independent analyst ZachXBT estimated the loss to be around $81.7 million.
Responsibility for the Cyberattack
The pro-Israel hacking collective Gonjeshke Darande, also known as Predatory Sparrow, claimed responsibility for the attack, alleging that Nobitex aids Iran in circumventing international sanctions. They threatened to publicly release the exchange’s internal data.
Context and Consequences of the Incident
The cyberattack occurs amidst escalating military tensions between Iran and Israel, which have also impacted the cryptocurrency markets. Nobitex has faced criticism for its role in facilitating transactions for sanctioned entities.
The attack on Nobitex underscores the increasing tensions between Iran and Israel and the role of cryptocurrencies in financing conflicts. Experts note that incidents like this could have wider implications for the market.
