Nobitex Hack Exposes $90M in Iranian Crypto Exchange

Iran’s Nobitex Exchange experienced a significant security breach on June 19, 2025, with hackers leaking core code and stealing an estimated $90 million in crypto assets.

This security breach highlights vulnerabilities in cryptocurrency exchanges and has potential repercussions on Iran’s crypto market stability.

Gonjeshke Darande Group Hacks Nobitex for $90M

The hack was executed by the Gonjeshke Darande group, reputed for attacks on Iranian infrastructure. They allegedly stole core cryptocurrency assets valued between $90 million and $100 million. Approximately $90 million was drained from Nobitex in a coordinated cyberattack, marking one of the largest losses in centralized exchange history tied to geopolitical activities.

Nobitex Exchange, Iran’s largest crypto platform, faced operational disruptions as hackers leaked core code, exposing systemic risks and complicating recovery efforts.

Central Bank of Iran Temporarily Suspends Trading

The exploit impacted markets with temporary trading suspensions imposed by the Central Bank of Iran. Core assets like BTC and ETH saw notable outflows on the blockchain. Regulatory actions aimed to curtail liquidity risks and prevent a potential financial crisis amidst escalating geopolitical tensions and crypto volatility.

Pattern of Geopolitical Attacks Continues

This attack mirrors previous assaults on Iranian infrastructure by the same group, suggesting a pattern linked to geopolitical conflicts. Hackers employed similar tactics as used in past operations. Given these trends, experts foresee potential systemic vulnerabilities within Iranian financial systems. This incident might prompt tighter regulations and increased scrutiny over regional crypto exchanges.

The TRM Labs Report states, “The group, Gonjeshke Darande, also claimed responsibility for an attack on Iranian bank Sepah that disrupted services and allegedly destroyed IRGC data, which it said was in retaliation for the bank funding Iran’s military and nuclear programs.” — TRM Labs Report

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