- Hackers stole $90 million in crypto from Nobitex.
- Gonjeshke Darande group claimed responsibility.
- Assets sent to politically motivated burn addresses.
Nobitex Faces $90M Crypto Hack by Predatory Sparrow
Nobitex, Iran’s largest cryptocurrency exchange, witnessed a $90 million hack on June 18, 2025. The breach, attributed to Gonjeshke Darande, led to an immediate operational suspension of the platform.
The attack on Nobitex highlights the growing threat of politically motivated cyberattacks targeting financial infrastructures. The immediate financial disruption is compounded by the exchange’s operational suspension and wider market reactions.
The hack targeted Nobitex, compromising nearly $90 million in assets, including ETH, BTC, and TRX. The group Predatory Sparrow took responsibility, claiming political motives rather than seeking financial gain.
These cyberattacks are the result of recent military escalations… — Predatory Sparrow, Hacking Group, Gonjeshke Darande
Nobitex experienced a substantial loss in its hot wallets, with no breaches reported in cold storage. Funds were transferred to politically motivated addresses, implying they are irretrievably lost in a protest gesture.
The Central Bank of Iran’s swift suspension of Toman/Tether trading aims to manage further financial fallout. Cryptocurrency flows and liquidity on Iranian platforms dropped, reflecting the hack’s immediate market impact.
The attack’s execution via infostealers highlights the sophistication of modern cyber threats. Regulators and exchanges face pressure to enhance safeguards as the geopolitical climate intensifies the risk of similar hacks.
Market reactions underscore the geopolitical tensions exacerbating vulnerabilities in crypto infrastructure. Enhanced regulatory frameworks and technological upgrades are being discussed to prevent further cyberattacks on financial infrastructure.
