On June 18, it was reported that the Iranian cryptocurrency exchange Nobitex suffered a hack resulting in the theft of over $81 million in digital assets. The breach, identified by onchain investigator ZachXBT, involved the use of a 'vanity address' to siphon funds from multiple wallets linked to Nobitex, primarily across the Tron network and EVM-compatible blockchains. Nobitex acknowledged unauthorized access to some hot wallets and assured users that their assets in cold storage remained secure. The exchange plans to compensate affected users through its insurance fund. Security expert Hakan Unal noted that the hack stemmed from significant access control failures. This incident is part of a troubling trend in the crypto sector, with over $2.1 billion stolen in 2025 alone, primarily due to wallet compromises and operational issues. A pro-Israel hacker group, Gonjeshke Darande, claimed responsibility for the attack, linking it to ongoing geopolitical tensions between Israel and Iran. Read more AI-generated news on: https://app.chaingpt.org/news