Posted on 06/18/2025 9:00:36 AM PDT by ChicagoConservative27
Iran-based cryptocurrency exchange Nobitex has reportedly suffered a major security breach, resulting in the theft of over $81 million in digital assets by a hacker group claiming ties to Israel.
CoinTelegraph reports that the Iranian cryptocurrency exchange Nobitex has fallen victim to a devastating hack, resulting in the loss of more than $81 million in digital assets. The attack, disclosed in a Telegram post on Wednesday, drained funds across the Tron network and Ethereum Virtual Machine (EVM)-compatible blockchains.
According to noted crypto investigator ZachXBT, the attackers exploited the protocol using “vanity addresses,” which led to suspicious outflows from multiple Nobitex-linked wallets. Nobitex confirmed the unauthorized access to a portion of its internet-accessible “hot wallets” and immediately suspended them upon detection. The exchange assured users that their assets are secure in cold storage and that the incident only affected a portion of the assets in hot wallets. Nobitex pledged to compensate all damages through its insurance fund and own resources.
(Excerpt) Read more at breitbart.com ...
Very cool.
Beat them up and take their lunch money! 😁
Yes, but crypto is the future.... [atomic eyeroll]
Happy for Iran /s!!
But does not put a lotta faith in it for MY $$$$!
I don’t think so!
Crypto is absolutely safe because...
ah er um uh....
Lol.
Yeah I like this, hit em from every angle.
I do not understand Crypto at all. It seems like a granfaloon to me.
“If you want to find a Granfalloon, remove the skin from a toy balloon.”
― Kurt Vonnegut Jr., Cat’s Cradle
So glad that crypto is “unhackable.”
LOVE IT! Did the hackers learn how to do it from NK? lol
And, as usually has to be said, “crypto” wasn’t hacked; the exchange selling it was. It’s like a bank got hacked, or more accurately, a stock brokerage.
But this does seemingly contradict the Israeli strategy of not attacking non-regime targets in Iran.
Crypto-only decentralized exchanges (defi) are much less vulnerable because they do not custody customer funds. But the on/off ramps between crypto and the old fiat world have always been the weak link. That's why anyone in crypto should keep in mind the proverb: Not your keys, not your coins. Leaving funds on an exchange without darn good reason is just stupid. It's like leaving money at a bank, which has the exact same vulnerabilities.
if true, probably indicates chinese hackers could selectively destroy crypto “assets” if and when they choose: all your crypto belong to us ...
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