Nobitex Hacked: $100M Crypto Stolen, Source Code Leaked by Pro-Israeli Group Amid Iran-Israel Tensions

Iranian cryptocurrency exchange Nobitex experienced a significant security breach, resulting in the theft of at least $100 million in crypto assets by a hacker group known as Gonjeshke Darande, which claims pro-Israeli affiliations. Following the hack, the group released Nobitex’s entire source code, including core system details, cold wallet scripts, and server lists, raising further risks for users and the platform itself. Security researchers emphasize the breach was politically motivated, occurring during escalating tensions between Israel and Iran. Most of the stolen funds—approximately $90 million—were destroyed by being sent to burn addresses, effectively removing them from circulation. About $55 million in stolen USDT may be partially recoverable if stablecoin issuers act. To contain fallout, Iran’s central bank imposed new operating hours for domestic crypto exchanges. Nobitex asserts no further losses have occurred and targets a five-day timeline to restore full service, although recovery is hindered by widespread national internet disruptions. The company’s CEO, Amir Rad, has yet to issue a detailed recovery plan, leaving users anxiously awaiting further updates. This politically charged hack spotlights persistent risks for regional exchanges and could affect sentiment and operational stability in the Iranian crypto market.