Iran’s Crypto Exchange “Nobitex” Struggles to Recover After being hacked by Pro-Israel hackers

Iran’s biggest cryptocurrency exchange, Nobitex, is slowly coming back online after a major cyberattack. The exchange was hacked earlier this month by a pro-Israel hacking group called Gonjeshke Darande.

Services Begin to Return for Verified Users

This group stole around $100 million worth of digital coins from Nobitex, making it one of the worst crypto hacks of the year.

Now, Nobitex has started restoring its services, but only for users who have completed identity verification. These users will be the first to get access to their digital wallets. The exchange said that spot wallet users — those who deal in regular buying and selling of crypto — will be given first priority. Other types of wallet services will be restored step by step in the coming days.

Nobitex has clearly stated that this process is not happening all at once. It is a gradual process, and users should not worry if they do not immediately see their wallet balances. The system is checking all information to make sure everything is accurate and secure before showing balances. The exchange warned that there might be some delays due to technical or security issues. Still, they aim to complete the process by mid-week.

Nobitex also reminded users not to deposit cryptocurrency into old wallet addresses. These old addresses are now useless because of a system upgrade. Any coins sent to them might be lost forever. If users had these old wallet addresses saved in other apps or mining machines, they should delete them immediately and wait for new ones from Nobitex.

Hacker Group Destroys Millions in Political Cyberattack

The cyberattack on Nobitex was not just about money. It was also a political act. The hacker group, Gonjeshke Darande, claimed responsibility and said they attacked Nobitex because of its links to the Iranian government. The group is known to be pro-Israel and said the exchange was helping fund harmful activities.

After breaking into the system, the hackers burned $90 million worth of cryptocurrency — meaning they destroyed it so no one could use it. On top of that, they released the full source code of Nobitex, making its inner workings public. This move made the attack not just damaging but also humiliating for the company.

Iranian hacker group Charming Kitten Spies on Israeli Cyber Experts

Nobitex is considered the most important crypto exchange in Iran. According to recent data, it processed $11 billion worth of crypto activity. In comparison, the next ten Iranian exchanges combined only handled about $7.5 billion. This shows how much Iranians relied on Nobitex for their crypto needs.

A report also revealed that the exchange has ties with some shady actors, including groups and people under international sanctions. This may have made it a bigger target for hackers who wanted to make a political statement.

Crypto Rules Tighten as State-Sponsored Hacks Surge

Following the Nobitex hack, the Iranian government has become stricter with crypto businesses. Now, local crypto exchanges in Iran are only allowed to run their services between 10 AM and 8 PM. This move is likely meant to make it easier for the government to monitor and control activity, especially during working hours.

Meanwhile, 2025 has seen a rise in government-backed hacking. State-sponsored cyberattacks have become more common, especially in the world of cryptocurrency. North Korea is currently leading in this area, using hacking to steal massive amounts of digital money.

Lazarus Rises Again: $4.2 Million Crypto Stolen in NFT Scam and Solana-to-Ethereum Swindle

Just earlier this year, North Korean hackers stole $1.5 billion worth of crypto from another exchange, Bybit. This one attack accounted for almost 70% of all cryptocurrency losses from hacks this year. Officials in South Korea have also warned that North Korean hackers are now using artificial intelligence tools, including ChatGPT, to plan and carry out these attacks more effectively.

As Nobitex struggles to recover, the hack is another reminder of how dangerous the world of cryptocurrency can be. With the added element of political motives, crypto exchanges around the world are facing increasing risks, both from hackers and from new rules.

Renuka Bangale
Renuka Bangale
Renuka is a distinguished Chartered Accountant and a Certified Digital Threats Analyst from Riskpro, renowned for her expertise in cybersecurity. With a deep understanding of cybercrimes, malware, cyber warfare, and espionage, she has established herself as an authority in the field. Renuka combines her financial acumen with advanced knowledge of digital threats to provide unparalleled insights into the evolving landscape of information security. Her analytical prowess enables her to dissect complex cyber incidents, offering clarity on risks and mitigation strategies. As a key contributor to Newsinterpretation’s information security category, Renuka delivers authoritative articles that educate and inform readers about emerging threats and best practices.

TOP 10 TRENDING ON NEWSINTERPRETATION

Tempers erupt after Marine shell explodes over I-5 — Newsom accuses Trump, Vance of reckless stunt

California Governor Gavin Newsom has unleashed a fierce attack...

Trump’s pardon of Santos sparks GOP infighting — Greene and Johnson trade blows in public feud

A loud argument has erupted inside the MAGA movement,...

Kamala Harris rallies Democrats during shutdown — ‘we won’t trade healthcare for tax breaks’

As the government shutdown stretches on, Kamala Harris, former...

Prince Andrew renounces royal titles in stunning move — says scandals ‘distracted from the monarchy

Prince Andrew has announced that he will no longer...

Symantec Confirms Chinese Hackers Breached Russian IT Firm — Hidden for 5 Months

In a surprising and unusual move, a Russian IT...

Vance vs. Newsom turns into a cliffhanger — new poll shows race too close to call

New polling numbers have stirred excitement in the political...

Trump Turns Peace Talks With Zelensky Into a Showdown With Maduro — ‘Don’t Mess With the U.S.

In a moment that stunned reporters and political observers,...

White House Press Secretary Karoline Leavitt slams Democrats for “catering to Hamas terrorists and illegal aliens”

White House Press Secretary Karoline Leavitt has openly criticized...

Related Articles

Popular Categories

error: Content is protected !!