#Iranian †‡ exchange Nobitex, the country's largest, has reportedly been exploited—losing $48.6 million in USDT via the Tron network. On‑chain investigator ZachXBT first flagged the suspicious outflows, traced to vanity addresses loaded with political messaging . The breach forced Nobitex to shut down its hot wallets and suspend services, although it claims cold‑stored funds are safe .

🚨 The group behind the exploit, known as Gonjeshke Darande (or Predatory Sparrow), has threatened to release internal source code and branding their action a “crypto war” move with political overtones .

📉 Market Repercussions: This high‑profile breach unnerves traders, especially in Tron‑based stablecoins, potentially triggering volatility in USDT pairs and raising questions over exchange security across emerging markets.