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In This Article
- From Trains to Tokens: Predatory Sparrow’s War on Bitcoin exchange with high-frequency tradingIran Started In 2021
- Israeli Hackers Attack Escalates Crypto Into a Weapon of Geopolitical Retaliation
- Crypto Hacks Are Evolving: Why Keeping Funds on Exchanges Is Risky
One week into the Israeli-Iranian war, cyberattacks have officially entered the battlefield. Israeli hackers, a group known as Predatory Sparrow, has claimed responsibility for a $90 million crypto heist from Iran’s largest digital asset platform, Nobitex. The message is political: don’t mess with Israel. The funds were sent to burn addresses, wallets that no one can access, making them permanently unrecoverable. In the 21st century, crypto cyberattacks are now part of warfare strategy.
The attack targeted wallets linked to Iran’s Islamic Revolutionary Guard Corps (IRGC). According to blockchain analysts and intelligence sources, the israeli hackers siphoned more than $90 million in crypto assets including Bitcoin, Ethereum, Tether (USDT), and Dogecoin.
Instead of laundering the funds or routing them through mixers, the stolen crypto was sent to dead wallets. These wallets are inaccessible, making the funds effectively unrecoverable.
Official Statement
Nobitex Security Incident — June 18, 2025Earlier today, June 18, Nobitex identified unauthorized access to parts of its infrastructure, specifically affecting our internal communication systems and a portion of our hot wallet.
Immediately upon detection, all…
— Nobitex | نوبیتکس (@nobitexmarket) June 18, 2025
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