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Cyberattack on Iran’s Largest Crypto Exchange Drains $90 Million

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Hey followers! Today, we’re diving into a wild story about hackers hitting Iran’s top crypto platform and stealing millions with some sneaky digital tricks.

Nobitex, Iran’s biggest crypto exchange, revealed it was hacked and a lot of funds were snatched from its hot wallet. They noticed unauthorized access and are now scrambling to figure out what happened, even shutting down their site and app for now.

According to public records, the hackers managed to steal at least $90 million across several transactions. The stolen crypto was sent to wallets that can’t be accessed anymore, effectively removing the funds from circulation, as explained by blockchain experts.

With over 10 million users, Nobitex has been targeted because of allegations that it funded terrorism and evaded sanctions, which made it a prime target for hackers linked to pro-Israel groups.

The hacking group called Predatory Sparrow, known for previously attacking Iranian banks and infrastructure, claimed responsibility. They said their actions were motivated by alleged Iranian support for terrorism and sanctions circumvention. Their past cyber activities reveal a pattern of targeting Iranian assets, often with disruptive motives.

As tensions escalate between Iran and Israel, these cyberattacks highlight the increasing digital skirmishes. Iran claims that Israel launched a massive cyber war to mess with its systems, adding a new layer to the ongoing conflict.

So, the story here? A major cyber heist with political overtones, showing how digital warfare is becoming a serious battlefield in international conflicts. Stay tuned for more tech news with a dash of humor!

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Written by Nuked

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