Iranian Crypto Exchange Nobitex Hacked for $82 Million by Alleged Israeli Group

Iran's Nobitex exchange has suffered a significant hack, reportedly losing $82 million. The attack was claimed by a group linked to Israeli activists.

Jamie Bennett
Crypto Analyst
5 min read
19,096
Iranian Crypto Exchange Nobitex Hacked for $82 Million by Alleged Israeli Group
The Iranian cryptocurrency exchange Nobitex has confirmed it was hacked, resulting in losses estimated at $82 million. The attack was attributed to a group known as Gonjeshke Darande, which has ties to Israeli activists. In a post on X (formerly Twitter), the group referenced a previous cyberattack on Bank Sepah, stating, “After Bank Sepah, it was Nobitex's turn.” They indicated that internal data from Nobitex would be released within a day and warned that any remaining assets on the exchange were at risk.

ZachXBT, an on-chain detective, identified suspicious outflows totaling approximately $81.7 million. These funds included a variety of cryptocurrencies, with notable mentions of Bitcoin, Dogecoin, and tokens from EVM chains. The narrative surrounding the attack suggests that Nobitex has been implicated in financing activities that help Iran avoid international sanctions.

While Nobitex confirmed the hack’s occurrence, the specific details regarding the method of attack remain unclear. This incident is set against a backdrop of increasing cyber and physical confrontations between Iranian and Israeli entities. The hacking group has alleged that Nobitex plays a critical role in Iran's terror financing operations.

Analysis

Market Sentiment

20% Bullish
Bearish Neutral Bullish

News Impact

8/10

Credibility: 9/10

Trading Recommendation

BTC
BTC
SELL

Entry Price

$0

Confidence

60%

Stop Loss

$101000

Take Profit

$107000 - $110000

Amid the negative news regarding the Nobitex hack, caution is advised. The potential loss of funds at the exchange could lead to increased sell pressure on Bitcoin. I recommend a cautious stance with raised stop losses on current positions.