Iran's cryptocurrency exchange hack destroys $90 million The attack targeted Nobitex, one of the largest cryptocurrency exchanges in Iran.
An anti-Iran hacker group with possible links to Israel announced an attack on one of Iran's largest cryptocurrency exchanges on Wednesday (18), destroying approximately $90 million and threatening to expose the platform's source code.
The group, known as Gonjeshke Darande, or "Predatory Sparrow," claimed responsibility for the attack, marking the group's second operation in two days. On Tuesday, they claimed to have destroyed data from Bank Sepah, the Iranian state bank, amid escalating hostilities between Israel and Iran.
Wednesday's attack targeted Nobitex, one of Iran's largest cryptocurrency exchanges. The hackers stated that the platform allegedly helps the Iranian government circumvent sanctions and finance illicit operations around the world in a message posted on the group's social media.
The offensive began in the early hours of the morning, when funds were transferred to wallets controlled by the hackers who denounced the Islamic Revolutionary Guard Corps (IRGC) of Iran, said the blockchain analysis firm TRM Labs, which estimated the theft at around $90 million.
The head of national security intelligence at Chainalysis, Andrew Fierman, confirmed in an email to Reuters that the attack involved approximately $90 million.
● This attack causes fear, as it may lead to another drop in the crypto market worldwide, investors show concern.
A massive hacker attack has just occurred on one of the country's main exchanges, which may lead to a massive drop in the purchase of new cryptos, potentially resulting in a new decline in several currencies
In this time of crisis between Iran and Israel, the cryptocurrency market is greatly affected, as the USA is increasingly involved in this situation, thus investors are afraid to invest.