Iranian Exchange Nobitex: The $90M Exploit
On June 18, 2025, Iranian cryptocurrency platform, Nobitex, was exploited, resulting in the loss of more than $90 million in assets spanning a range of cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, Ripple, Solana, Tron, and Ton. As Iran’s largest digital asset exchange, the compromise of Nobitex marks a major development within the Iranian crypto ecosystem.
While the cryptocurrency space has always been shaped by geopolitical dynamics and associated cyber incidents, this event stands out. A pro-Israel group known as Gonjeshke Darande has claimed responsibility, framing the attack as a politically motivated strike against Iranian digital infrastructure. Notably, our analysis indicates that this is the case — the…
