Nobitex, Iran’s largest cryptocurrency exchange, has announced plans to restore withdrawal services for verified users following a $100 million hack executed by pro-Israel cyber group Gonjeshke Darande. The attack resulted in significant asset destruction after funds were deliberately burned.
The exchange is prioritizing wallet migration protocols while restricting initial account access exclusively to verified individuals during recovery efforts. This incident highlights rising state-sponsored cyber threats targeting cryptocurrency infrastructure, including emerging threats from North Korean hackers utilizing AI-powered exploitation tools.
Given Nobitex’s pivotal role in Iran’s $11 billion cryptocurrency market, the breach carries substantial geopolitical weight. The event signals escalating digital warfare tactics between nation-states, particularly within politically sensitive financial ecosystems.
In unrelated market developments, Arbitrum’s token price experienced notable gains, Japanese investment firm Metaplanet expanded its Bitcoin holdings, and Ripple’s stablecoin RLUSD saw increased platform adoption.