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Pro-Israel hackers take credit after $90 million stolen from Iran’s largest crypto exchange

  • Nobitex, the biggest cryptocurrency trading platform in Iran, experienced a security breach on Wednesday that resulted in over $90 million being stolen from its hot wallet.
  • The pro-Israel hacking group Predatory Sparrow claimed responsibility, accusing Nobitex of enabling sanctions violations and financing terrorism for the Iranian regime.
  • The hackers posted on X that this attack is political sabotage targeting a key regime tool that helps Iran evade sanctions and fund ballistic missiles and nuclear programs.
  • Elliptic reported the stolen funds were ‘burned’ by sending cryptocurrencies to inaccessible addresses, effectively destroying over $90 million to send a political message.
  • This cyberattack occurred amid escalating Israel-Iran conflict and suggests ongoing efforts to disrupt Iran’s financial infrastructure linked to the IRGC and sanctioned actors.
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  • 39% of the sources are Center, 39% of the sources lean Right
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Haaretz broke the news in Tel Aviv-Yafo, Israel on Tuesday, June 17, 2025.
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