The Nobitex platform, Iran’s largest cryptocurrency exchange, was hacked and reportedly suffered losses estimated at $70 million. A hacker group affiliated with Israel claimed responsibility for the attack, stating that Nobitex aids the Iranian regime in funding terrorism and bypassing international sanctions.
The breach further complicates the situation for Iranian crypto users, who already face challenges due to strict government oversight, international sanctions, and frequent asset freezes on global platforms.
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Following the hack, Nobitex temporarily shut down its website and apps as its security team conducts a full investigation. Users currently cannot access their accounts or withdraw funds. The incident has raised serious questions about Nobitex’s security protocols, especially given its large user base and reported ties to the Iranian government.