🇮🇷Iranian Crypto Exchange Nobitex Loses 95% of Its Assets After Being Hacked by the Gonjeshke Darande Group (Predatory Sparrow).

#notcoin

$NOT

The total assets in the platform's wallets have dropped from $1.8B to just $100M.

However, according to Notcoin, the hacker didn’t steal the funds but instead burned the coins. So technically, he didn't profit, but the holders might actually benefit since the supply was burned. A “gentleman hacker,” you could say.

I’ve never even heard of Nobitex before. If it’s a small exchange, then carrying such heavy losses may be fatal. There’s a chance it might shut down permanently without compensating its users.

This is why: Not your keys, not your money. Always keep your assets in your own wallets.