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.