Why Gonjeshke Darande’s $90M Crypto Hack Could Be a Hammer Blow for Iran’s Regime
Iranian cryptocurrency exchange Nobitex was hacked for around $90 million on Wednesday, on the surface of it an almost routine exploit in an industry that already dealt with a $223 million exchange exploit earlier this month.
Below the surface, it was anything but. Digging a little deeper reveals this was not simply a cash grab, in fact, not a cash grab at all, but a political message that could end up being a hammer blow to one of the primary combatants in the escalating conflict in the Middle East.
The hackers, the pro-Israel activist group Gonjeshke Darande, demonstrated their indifference to monetary gain by transferring the stolen funds to a series of inaccessible “vanity” wallets ladened with the words like “terrorist,” essentially…
