Pro-Israel hackers ‘burn’ $100m from Iran’s biggest crypto exchange

Nobitex, the largest crypto exchange in Iran, announced on 18 June, 2025, that it had been hacked (iStock/ Getty Images)
Nobitex, the largest crypto exchange in Iran, announced on 18 June, 2025, that it had been hacked (iStock/ Getty Images)

A pro-Israel hacking group has claimed responsibility for draining the funds of Iran’s largest crypto exchange.

The hackers, who go by the name Gonjeshke Darande (Predatory Sparrow), used an unusual attack method on the Nobitex exchange that effectively destroyed around $100 million worth of cryptocurrency.

The group sent the stolen funds to vanity addresses that they are unable to access due to not holding the necessary cryptographic keys.

Rendering the funds unusable signals that it was politically-motivated, rather than a financially-motivated attack.

“The Nobitex exchange is at the heart…

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