Nobitex Resumes Operations After $90M Hack

• Lyla Velez
• June 30, 2025
• News
• 0 Comments

Nobitex, Iran’s largest cryptocurrency exchange, has resumed services after a cyberattack led to a $90 million theft, with the hack attributed to the pro-Israel group, Gonjeshke Darande.

Introduction

Nobitex faced a significant breach impacting Ethereum and Tron-based assets, leading to a temporary closure. The hacking group, Gonjeshke Darande, released the exchange’s source code post-hack, increasing security concerns.

Impact and Ramifications

The attack affected $90 million in ETH, TRX, and BTC, creating further challenges for user recovery and platform trust. Nobitex’s gradual reopening aims to restore confidence amid regulatory scrutiny.

The broader implications include potential policy changes. This highlights the need for robust security protocols across the crypto industry.

Political Context

The political motivations behind this hack mark a distinct deviation from typical financially-driven attacks.

The financial ramifications include a suspended exchange activity and regulatory pressure. Despite the reopening, Nobitex continues facing reputational challenges evident by the mandated verification processes for users.

The Path Forward

Insights suggest that enhanced security measures will be pivotal moving forward. Historical trends indicate that politically charged hacks like these could influence future regulatory frameworks. Community sentiment remains tense, emphasizing transparency and safety.

Thank you for your patience during these challenging days. We are committed to restoring services while ensuring the highest level of safety and data integrity for all our users as the platform comes back online. – Nobitex Official Twitter Account.