Pro-Israel hackers attacked Nobitex, Iran's largest cryptocurrency exchange, destroying $90 million in assets. The incident brings renewed focus on allegations that Nobitex facilitates international sanctions evasion and indirectly supports illicit state-sponsored operations.

On June 18, 2025, Nobitex, Iran’s largest cryptocurrency exchange, was exploited in a politically motivated cyberattack that resulted in the loss of over $90 million in digital assets. The incident, which was claimed by a pro-Israel group, not only exposed critical security vulnerabilities in its technology but also drew renewed scrutiny to the exchange's longstanding links with illicit actors including entities tied to the IRGC, Hamas-affiliated networks, and pro-al-Qaeda channels. In response, Nobitex moved significant funds to new cold storage wallets to bolster its security posture, even as the hack raised broader concerns regarding its business practices and ethical responsibilities within a heavily sanctioned crypto ecosystem.

On 18 June, Nobitex, Iran's largest cryptocurrency exchange, was subjected to a major hack with over $90 million diverted to politically charged vanity addresses. The incident comes amid longstanding allegations linking the exchange with IRGC-associated figures and sanctioned operatives, raising concerns about its role in supporting authoritarian structures.