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World News

Hackers destroy $90 million in attack on Iranian crypto exchange

Investing | Thu, Jun 19 2025 04:41 AM AEST

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Image Source: Sivastatz

Investing.com -- A hacking group called Gonjeshke Darande, or "Predatory Sparrow," attacked one of Iran’s largest cryptocurrency exchanges on Wednesday, destroying nearly $90 million and threatening to expose the platform’s source code.

This marks the group’s second operation in two days, following their claimed attack on Iran’s state-owned Bank Sepah on Tuesday amid escalating tensions between Israel and Iran.

The latest attack targeted Nobitex, a major Iranian cryptocurrency exchange that allegedly helps the Iranian government circumvent sanctions and finance illicit global operations, according to claims made by the hackers in a social media message early Wednesday.

Nobitex’s website was not accessible on Wednesday. The company acknowledged in a post on X that it had taken its website and app offline while investigating "unauthorized access" to its systems.

Gonjeshke Darande has a track record of sophisticated cyberattacks against Iranian targets. While the are speculations that the hacking group has ties to Israel, the Israeli government has never formally acknowledged any connection to Gonjeshke Darande.

This article first appeared in Investing.com

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