Nobitex Exchange Hacked, Iranian Banks Face Cyberattacks

On 18 June 2025, Nobitex Exchange reported a hack affecting its internal communications and a small portion of its hot wallet. The platform’s security team reacted swiftly to the breach after detecting it earlier in the day. Nobitex promptly isolated the compromised systems and initiated an in-depth investigation in accordance with industry best practices. The platform assured users that only part of the hot wallet was compromised, and most of the assets stored in cold wallets were unaffected. Nobitex also pledged to absorb any potential losses through its insurance fund and internal reserves, ensuring that users would incur no financial loss. Due to security concerns, Nobitex took the precautionary measure to lock down the platform until a comprehensive security audit could be conducted.

In another related event, Iranian banks faced numerous cyberattacks, exacerbating the country’s security issues. Significant disruptions were reported in Pasargad Bank and Melli Bank after Sepah Bank was hacked. Accounts in Sepah Bank were reportedly cleared out, and customers of Melli Bank experienced issues accessing their accounts, leading authorities to issue warnings to withdraw money. The assaults highlighted the vulnerability of the Iranian banking system, especially amidst rising tensions.

The cyberattack on Bank Sepah was attributed to the Predatory Sparrow hacking group, known for its anti-Iranian tendencies and suspected connections to Israel. The group placed advertisements on social networks, accusing the bank of aiding the Iranian military agenda. The hackers stated that their primary intention was to compromise vital information and disrupt the financial services that support the Iranian government. The successful attempts on Iranian banks underscore the increasing dangers in the sphere of cyber warfare, with the digital framework becoming a prime target for state-funded or politically biased hacker groups.

The recent incidents at Nobitex and Iranian banks highlight a growing pattern of hazards to digital and financial infrastructure worldwide. Cybersecurity has become a critical issue as more governments and industries embrace digitalization. The Nobitex incident demonstrated the need for stricter security protocols to safeguard users’ funds, even if the breach involved only a small part of the exchange platform. The Iranian banking hacks illustrate the destabilizing power of state-sponsored cyberattacks on financial institutions and societal confidence.

Governments and private entities should invest in robust cybersecurity systems to maintain the integrity of financial systems, utilize advanced encryption technologies, and provide personnel training in identifying and responding to emerging threats. The increasing popularity of cyberattacks against the financial sector necessitates close cooperation between the public and private sectors to establish effective protection against malicious individuals. Nobitex’s prompt action in isolating affected systems and providing a transparent account mitigated the effects of the breach. However, the Iranian banking hacks serve as a wake-up call regarding the vulnerability of the economy’s backbone and the broader threats posed by the current conflicts in the Middle East.