💥 Iran’s Largest Crypto Exchange Nobitex Hacked: $100 Million Vanishes Overnight. By ChainFabricNews

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Image source: CNN

In a shocking turn of events, Nobitex, the biggest cryptocurrency exchange in Iran, has fallen victim to a massive cyberattack—reportedly losing over $100 million worth of digital assets. The incident has left thousands of users in panic and raised serious questions about crypto security, especially in regions where political tension is already high.

🔐 What Actually Happened?

Late last week, suspicious activity was detected on Nobitex's platform. Soon after, it became clear that the platform had been compromised. A hacker group known as "Predatory Sparrow" has claimed responsibility for the attack. This group has been linked in the past to cyberattacks on Iranian infrastructure, but this time, they targeted digital wallets.

The hackers reportedly moved millions in cryptocurrencies—including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT)—through various crypto mixers and exchanges to hide the trail. Security experts say the speed and sophistication of the attack suggest it was planned well in advance.

🌐 Government Reaction: Internet Shutdown

In response to the hack, the Iranian government temporarily shut down parts of the internet, a move that made things worse for many users. People were unable to log into their Nobitex accounts, check their funds, or even contact customer support.

This kind of nationwide internet blackout is not new in Iran. But this time, it hit thousands of ordinary investors who had trusted Nobitex with their hard-earned money.

🧊 Nobitex Remains Silent

As of now, Nobitex has not provided a full explanation. Their official communication only refers to “technical issues,” avoiding mention of the actual hack. Users are frustrated, and many are demanding refunds or at least transparency about how much was lost and what steps are being taken.

This silence is adding fuel to fears that the platform may be unable to recover the stolen funds, putting user balances at serious risk.

⚠️ What This Means for Regular Crypto Users

This incident is a reminder that even popular crypto platforms are not 100% safe. Here are some lessons for users:

  • Don’t keep all your crypto on exchanges. Consider using secure personal wallets like Ledger or MetaMask for long-term storage.

  • Stay updated on platform news. If a platform suddenly goes offline or stops communicating, act quickly to protect your funds.

  • Understand the risks. Crypto is exciting and offers great potential, but it's also full of risks—especially in politically sensitive regions.

🧾 Final Thoughts

The Nobitex hack is a wake-up call, not just for Iranians but for crypto users worldwide. In a world where digital money is becoming mainstream, security and transparency must come first. As governments, hackers, and technology continue to evolve, users must stay alert and make smart choices.

Let’s hope platforms learn from this incident and put stronger protections in place—because crypto should empower, not endanger, its users.

 

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