Nobitex, Iran's largest crypto exchange, has resumed services after a significant cyber attack resulting in a theft of $90 million.
Circumstances of Nobitex Cyber Attack
The cyber attack on Nobitex occurred in June 2025 and was carried out by the pro-Israel group Gonjeshke Darande. The attack primarily focused on burning funds as a form of political protest. The hackers exploited vulnerabilities in private keys to access the funds, highlighting the vulnerabilities of crypto exchanges.
Nobitex and User Reactions
Users of Nobitex faced service disruptions and significant fund losses as a result of the attack, negatively impacting the exchange's reputation. Nobitex leadership communicated regularly about recovery efforts through their official X account and in-app notices, emphasizing commitments to improving user security.
Importance of Security in the Crypto Industry
The attack on Nobitex highlights emerging threats of cyber attacks with political motivations, differing from typical financially-driven hacks. This raises a question about the necessity for stricter security measures and adaptive frameworks within the crypto industry, especially in politically unstable environments.
The events surrounding Nobitex serve as an example for the crypto industry regarding responses to cyber threats and underline the need for modern security measures.
