Nobitex exchange begins restoring service after $90M exploit by pro-Israel hacker group

Key Points

1. Nobitex announced a phased recovery process starting with verified users on June 29, prioritizing spot trading initially.

2. The attack, claimed by pro-Israel group Gonjeshke Darande (Predatory Sparrow), resulted in an estimated $90–100 million loss in cryptocurrencies including Bitcoin, ETH, and Dogecoin.

3. Nobitex is migrating its internal systems, including source code and server data, to improve security post-attack.

4. The exchange aims to stabilize operations and restore trust, emphasizing minimal delays in the recovery process.

5. The hack has been linked to suspicious fund movements and potential ties to Iran’s Islamic Revolutionary Guard Corps and sanctioned Russian entities.