Nobitex, Iran’s biggest crypto exchange, just got sucker-punched by a pro-Israel criminal hacker crew called Gonjeshke Darande.
Bam! $100 million gone in a flash. Now, the dust is settling, and Nobitex is trying to pick up the pieces, but it’s no walk in the park.
Verification
Nobitex announced they’re cautiously reopening withdrawal services starting June 30, but only for users who’ve jumped through the identity verification hoops.
Think of it like the office fire drill, only those who showed up on time get to leave early.
Spot exchange users get first dibs. But don’t go tossing your coins into the old wallets, okay?
Those addresses are dead. Deposit there, and you might as well be throwing your crypto into a black hole.
The hack wasn’t just some random act of cyber crime. Nah, this was a political hit, straight from the heart of the Iran-Israel tensions.
Gonjeshke Darande torched $90 million worth of assets and leaked Nobitex’s entire source code for the world to gawk at.
They claimed Nobitex was cozying up with the Iranian government, funding the bad guys.
Bad friendship?
Chainalysis spilled the beans on Nobitex’s heavyweight status in Iran’s crypto industry. The exchange handled $11 billion in inflows, and that’s more than the next ten Iranian exchanges combined.
But their onchain sleuthing also found ties between Nobitex and shady, sanctioned actors. And that’s a red flag bigger than your boss catching you sneaking out early on a Friday.
In the aftermath, Iranian authorities slapped strict curfews on crypto exchanges, only open from 10 am to 8 pm.
It’s like telling the office you can only work during coffee breaks. Not exactly conducive to smooth operations.
Political motivation
And don’t think this is a one-off. State-sponsored political hacks are blowing up in 2025. North Korean hackers, those digital ninjas, are leading the charge.
Remember the Bybit heist? $1.5 billion vanished like magic in February.
Turns out, these guys are even using AI tools like ChatGPT to perfect their craft. It’s like watching a high-stakes spy thriller, but with way more zeros.
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