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Iran’s crypto exchange loses $100M to hackers, sparking internet blackout as conflict with Israel continues

Crypto News

Iran’s crypto exchange market lost $100 million in assets to hackers, triggering a near nationwide internet blackout as the Islamic Republic’s fight with Israel escalates.

The blackouts have carried on into Thursday after the state limited internet access to the public over the cyberattack on Nobitex, Tehran’s largest cryptocurrency exchange, according to Iran’s ministry of Communications.

The pro-Israeli “Predatory Sparrow” hacker group claimed responsibility for the attack, accusing Nobitex of helping Tehran evade Western sanctions and transferring money to Iran’s nuclear program.


Illustration of Binance cryptocurrency coins in front of a Nobitex logo and the Iranian flag.
Nobitex, Iran’s largest cryptocurrency exchange, was hacked and as a result lost $100 million in assets.

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