Nobitex, an Iranian cryptocurrency exchange, has lost $81 million in a hack, as per the Telegram post by ZachXBT on June 18, 2025; the attack on the exchange was conducted by a pro-Israel hacker group, Gonjeshke Darande.
The blockchain investigator said that the attackers have used a vanity address, “ TKFuckiRGCTerroristsNoBiTEXy2r7mNX,” and the second address was “0xffFFfFFffFFffFfFffFFfFfFfFFFFfFfFFFFDead.”
The hack was also confirmed by the exchange in an X post June 18, 2025, which notes, “ Earlier today, June 18, Nobitex has identified unauthorized access to parts of its infrastructure specifically affecting our internal communication systems and a portion of our hold wallets.”
In its most recent post, Nobitex said, “ From the very first moments, our technical and security teams took immediate action to contain the incident and protect the users’ assets.”
Following this incident, the exchange took several steps, including network isolation, hot wallet asset migration, ongoing asset assessment, system recovery in progress, users’ balance remaining intact, and cooperation with authorities.
The attack allowed the hackers to siphon off a significant amount of digital assets, primarily USDT, on the Tron Network, along with Bitcoin, Dogecoin, and other EVM-compatible tokens.
Usage of vanity addresses suggests sophisticated and targeted operations likely leverage compromised credentials or weak security in the exchange infrastructure.
A quick update on the biggest hack in crypto
The largest crypto hack of 2025 is the Bybit exchange breach on February 21, which helped hackers to wipe out $1.5 billion in Ethereum, making it one of the biggest hacks in crypto history.
A known crypto exchange, Bitget, suffered a $100 million hack due to a market-making exploit; it is also said that between March to May, the losses were between $387 million.
Cetus Protocol, a DeFi, was hit by a $223 million spoof tokens exploit, making it one of the 2025 largest breaches; the malicious actors exploited the smart contract vulnerabilities, draining funds rapidly.
Some most popular hackers troubling crypto include, Lazarus Group of North Korea, Gonjeshke Darande (Predatory Sparrow), TeamTNT, and APT28 (Fancy Bear).
Every year, the crypto market loses billions of dollars in crypto, yet the market is expanding its footprint in the wider finance ecosystem.
Crypto market price overview
As of writing, the crypto market is down by 1.61%, reaching $3.24 trillion with trading volume above $120 billion; on the other hand, the crypto fear and greed index is showing neutrality, which has been at 48.
Bitcoin is down by more than 1.50% and is now trading at $105,231 with its market cap at $2.08 trillion. Over the past few days, BTC has been tumbling in the range between $104k to $109k.
The intraday losers are Story, SUI, Immutable, Bittorrent, Kaspa, OKB, Fartcoin, Sky, and Dogwifhat. At the same time, the gainers are Kaia, Aerodrome Finance, and AB.
