$90 million stolen in hack of Iranian crypto exchange

Hackers stole $90 million from Iran’s Nobitex exchange, claiming to target Iranian support for sanctions evasion.

Pro-Israel hackers claim responsibility for $90 million theft from Iranian exchange

Hackers took approximately $90 million from Iran’s largest cryptocurrency exchange, Nobitex, on Wednesday. The group, known as Predatory Sparrow, claimed credit for the attack, aiming to damage Iranian operations amidst ongoing military tensions. Nobitex confirmed the theft and temporarily suspended access to its platform. The hackers stated that they had diverted the stolen funds to wallets they do not control. This incident follows another cyber strike by the group on Iran’s state-owned Bank Sepah, disrupting financial services. These actions signal a significant increase in the cyber warfare between Israel and Iran, with ordinary citizens potentially suffering from the fallout.

This cyberattack highlights the escalating digital conflicts between Israel and Iran. While the hackers claim to target government assets, their actions may severely impact everyday Iranians who rely on cryptocurrency for financial stability amidst rising tensions. The use of hacking to further political goals raises concerns about the collateral damage to civilians in ongoing conflicts. Nations are increasingly using cyber capabilities as tools of war, and the consequences are felt far beyond the intended targets.

Highlights

These actions may prompt a reevaluation of cybersecurity measures in high-risk regions.