373,852 XRP Stolen from Iran’s Largest Exchange Is Lost Forever. Here’s why

Description

In an unusual breach that diverges from the standard motives of profit-seeking cybercrime, over $90 million in several digital assets, including Bitcoin, Ethereum, XRP, Dogecoin, Solana, and TRX, was drained from Iran’s largest cryptocurrency exchange, Nobitex. While the scale of the exploit spans multiple blockchains, the attacker’s actions reveal this was no ordinary theft. According to blockchain intelligence firm Chainalysis, the funds were not laundered or moved to cashout services but inst...