Iran's Nobitex exchange was robbed of $100 million and "has resumed deposits and withdrawals"; how to navigate out of the curfew due to the Israel war?

Nobitex has suffered losses of over $100 million due to a hack, the exchange has resumed withdrawals and revealed the latest developments in the cyber warfare between Iran and Israel (Background: Another attack? Israel accuses Iran of launching missiles "in violation of the ceasefire agreement" but Tehran denies the attack, who is lying) (Background: Trump announced that "after the Iran-Israel ceasefire" Iran still launched missile attacks killing three, Israeli air raid alarms sounded loudly) Iran's largest crypto exchange Nobitex resumed partial withdrawals on June 30, with approximately 420,000 affected users finally seeing asset unlocking notifications; it has only been 12 days since pro-Israel hacker group Gonjeshke Darande burned $90 million and leaked the source code on June 18. The incident has impacted Iran both financially and psychologically, and has drawn global attention to how state-level hackers utilize the blockchain battlefield. Attack process and loss overview On June 18, Gonjeshke Darande infiltrated Nobitex's internal network through employee credentials, transferring approximately $90 million in crypto assets to a destruction address within hours, with outside estimates putting the total losses exceeding $100 million including the halt losses. The hackers claimed on the X platform that Nobitex is a tool for the Iranian government to "launder sanctioned funds." "Nobitex is a tool of Iran's terrorism financing, we want to sever this undercurrent completely." On the same day, the full source code was uploaded to a public repository, amplifying subsequent security risks, with the number of affected accounts reaching 420,000. To restore the operation of the exchange, Nobitex adopted a "verify first, unlock later" strategy, allowing only users who have completed identification verification to withdraw. New and old wallets are separated, and erroneous deposits will not be recoverable; the exchange stated that it would use insurance funds and its own capital for full compensation, while also introducing a completely new wallet structure, tightening the management of private key layers, and enhancing employee cybersecurity training to reduce the risk of credential leaks, with approximately 1,700 users successfully withdrawing on the first day of reopening. Geopolitical and regulatory pressures are intensifying As an exchange, geopolitical pressures from around the world are a primary challenge; Chainalysis statistics show that funds flowing into Nobitex can reach as high as $11 billion between 2024 and 2025, accounting for a significant portion of Iran's crypto funding flow. Iran often uses virtual assets to bypass sanctions for procuring imported equipment, making Nobitex a priority target for attacks. The hackers' choice to "burn" rather than transfer assets symbolizes the importance of political and psychological warfare. After the incident, Iran's central bank imposed "10 am–8 pm operating hour restrictions" on domestic exchanges and accelerated the review of large on-chain transfers, putting pressure on the exchange's operations. The U.S. and Israel have also intensified their focus on the topic of "Iran supporting sanctioned entities through crypto funding," with regulatory pressure likely to spill over to global OTC and stablecoin channels. Finally, Nobitex's segmented revival demonstrates that the exchange is gradually leveraging resilience to respond to operations, and reminds the industry that it must establish multiple layers of defense, and through on-chain analysis firms, law enforcement agencies, and regulatory bodies' cross-national cooperation, it can hold its ground in national-level cyber warfare. Related reports U.S. Senator calls for a crackdown on Iran's "crypto mining" industry: a loophole to evade U.S. sanctions Bitcoin's volatility is lower than U.S. stocks: Iran-Israel war highlights the maturation of crypto assets New York Times reveals the reasons behind U.S. bombing of Iran? Trump to deliver a national address at 10:00 AM, the U.S. has begun to evacuate citizens from Israel <How did the Nobitex exchange in Iran recover withdrawals after losing $100 million due to hacking amidst the Israel war curfew?> This article was first published in BlockTempo, the most influential blockchain news media.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)