Nobitex Resumes Operations After $90 Million Cyber Attack

Nobitex, Iran’s largest crypto exchange, has resumed operations following a significant cyber attack that resulted in the theft of $90 million. The attack, which occurred in June 2025, was carried out by the pro-Israel group Gonjeshke Darande. The hackers' primary objective was to burn the stolen funds as a form of political protest, marking a departure from the typical financially motivated cyber attacks.

The incident has brought to light the vulnerabilities within crypto exchanges and the unique political motivations that can drive such attacks. The broader crypto market has responded with a heightened emphasis on the need for enhanced cybersecurity measures. Nobitex's recovery efforts are underway, with a phased service restoration plan that includes improved security protocols.

The hackers exploited private key vulnerabilities to gain access to Nobitex's systems, resulting in the loss of $90 million. The exchange's leadership has been transparent throughout the crisis, providing continuous updates via their official X (Twitter) and in-app notices. Nobitex has pledged to implement an improved user safety framework and has begun the restoration process, starting with verified accounts.

Users of Nobitex experienced disrupted services and significant fund losses, which has impacted the exchange's reputation and integrity. The broader crypto market has witnessed increased scrutiny on security standards, particularly in regions with sanctions, underscoring the importance of robust operational protocols.

The political motivation behind this attack, unlike previous hacks driven by monetary gains, highlights an emerging trend in cyber attacks for geopolitical protests. This development calls for adaptive security frameworks within crypto exchanges and elevates the conversation around regulatory responses to emerging cyber threats.

Nobitex's response to this crisis serves as a critical case study in the crypto industry, demonstrating the exchange's resilience in its immediate response and the greater need for advanced security measures in politically volatile environments. Ongoing developments will be crucial for industry-wide learning and resilience building.

"We thank our users for their patience and pledge to uphold the safety and integrity of user data as we work to restore services." - Nobitex Official Account, Corporate Communication Nobitex.