Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Pro-Israel Hackers Burn $90 Million Stolen From Iran Exchange

Pro-Israel Hackers Burn $90 Million Stolen From Iran Exchange

CryptotimesCryptotimes2025/06/19 12:48
By:Ronak KumarDhara Chavda

Nobitex says user funds are safe and hot wallets emptied, as hackers threaten to leak source code and urge users to withdraw assets.

A pro-Israel hacker group has claimed responsibility for destroying over $90 million in crypto stolen from Iran’s largest exchange, Nobitex. The group, known as “Gonjeshke Darande” (also called Predatory Sparrow), said it burned the funds using “vanity addresses” that can’t be accessed or recovered.

In a June 18 update on X, the group revealed that assets like Bitcoin, Ethereum, and Dogecoin were sent to unspendable blockchain addresses. Some addresses even included anti-Iran messages, like “FuckIRGCTerroristsNoBiTEX.”

12 hours ago
8 burn addresses burned $90M from the wallets of the regime's favorite sanctions violation tool, Nobitex.

12 hours from now
The source-code of Nobitex will be open to the public, and Nobitex’s walled garden will be without walls. Where do you want your assets to be?…

— Gonjeshke Darande (@GonjeshkeDarand) June 18, 2025

One of the Bitcoin wallets used has an invalid checksum, while Ethereum tokens were sent to the “0x…dead” burn address, commonly used to permanently remove coins from circulation.

This attack comes days after Israeli airstrikes on Tehran’s nuclear facilities, highlighting the growing role of crypto in global conflicts. The hackers accused Nobitex of helping the Iranian regime bypass sanctions and fund terrorism.

Blockchain security companies, such as Chainalysis, confirmed that the stolen funds were not transferred to exchanges or mixers, but were actually burned-they were irrecoverable.

In response, Nobitex said all user funds remain safe in cold storage. The platform added that it emptied hot wallets as a precaution and has enough reserves to cover any losses.

The hackers even threatened to publish the source code and internal systems of Nobitex and advised users to withdraw their funds as soon as possible. Nobitex is under pressure with more than 11 million users as the cyber tensions are on the rise.

Follow The Crypto Times on Google News to Stay Updated!
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!