On June 19, a hacking group that supports Israel has followed through on its threat to leak the full source code of Iranian crypto exchange Nobitex after admitting to stealing around $100 million from the platform.
The group, known as Gonjeshke Darande, shared the files through a post on X.
They said, “Time is up, full source code linked below. ASSETS LEFT IN NOBITEX ARE NOW ENTIRELY OUT IN THE OPEN”.
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Along with the code, they also released privacy-related settings, a list of servers, and scripts used to manage blockchain wallets. This information could increase risks for anyone who still has funds on the exchange.
As part of the follow-up, the group claimed it had destroyed most of the stolen funds instead of keeping them. According to a separate X’s post, “8 burn addresses burned $90 million from the wallets of the regime’s favorite sanctions violation tool, Nobitex”.
Gonjeshke Darande stated that the reason behind the attack was Nobitex’s reported links to the Iranian government and its role in helping the country bypass global sanctions.
On June 19, Nobitex shared on X that no additional losses had occurred since the incident. The exchange also stated that it plans to resume services within five days, although it noted that internet disruptions across the country are slowing down recovery work.
Additionally, Iran’s central bank recently announced new operating hours for all local crypto exchanges. What did it say? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
