Iran's Largest Crypto Exchange Nobitex Reports Suspicious Withdrawals of $81.7 Million Amid Hacking Concerns

Nobitex, an Iranian cryptocurrency exchange, suffered a hack resulting in approximately $90 million stolen, attributed to the pro-Israel group Gonjeshke Darande. This attack, characterized as politically motivated rather than financially driven, involved the transfer of stolen funds to inaccessible "vanity" wallets, effectively destroying them. The hackers leaked Nobitex's source code, leaving remaining assets vulnerable. The incident highlights the ongoing tensions in the region, particularly between Iran and Israel, and could hinder Iran's ability to maneuver capital amid escalating conflicts.