In June 2025, Iran’s largest cryptocurrency exchange, Nobitex, suffered a shocking politically motivated hack that drained over $80 million from its hot wallets in hours. Unlike typical cyber heists, the attackers—allegedly a pro-Israel group called Predatory Sparrow—destroyed the stolen crypto by sending it to unspendable wallets, framing the attack as a warning amid escalating Iran–Israel tensions. The incident exposed the vulnerability of centralized exchanges in geopolitically sensitive regions and highlighted the growing role of crypto infrastructure in modern cyber warfare.
6/20/2025, 2:38:17 PM