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You are here: Home / Bitcoin Industry News / Iranian Crypto Exchange Nobitex Hacked for Nearly $82M by Suspected Israeli Group

June 18, 2025

Iranian Crypto Exchange Nobitex Hacked for Nearly $82M by Suspected Israeli Group

Iranian crypto exchange Nobitex has been hacked for over $82 million by Israel-linked hacking activist group Gonjeshke Darande.

The group said in an X post: “After Bank Sepah, it was Nobitex’s turn,” referencing their Tuesday cyberattack on Iran’s state-owned lender. They warned that Nobitex’s internal data and source code would be released within a day, and any assets left on the exchange would be “at risk.”

On-chain sleuth ZachXBT first flagged suspicious outflows totaling $48.65 million in Tron’s TRX tokens in his Telegram channel on Wednesday.

The stolen funds were traced to a wallet using a provocative vanity address: TKFuckiRGCTerroristsNoBiTEXy2r7mNX.

Estimates of funds stolen was later updated to over $82 million, with funds stolen across Bitcoin, Dogecoin and EVM chains from addresses including
“0xffFFfFFffFFffFfFffFFfFfFfFFFFfFfFFFFDead,” “1FuckiRGCTerroristsNoBiTEXXXaAovLX,” and “DFuckiRGCTerroristsNoBiTEXXXWLW65t.”

The group called Nobitex a “core part of the regime’s terror financing network,” accusing it of helping Iran evade international sanctions by enabling crypto-based payments.

Nobitex, Iran’s largest exchange, confirmed the attack in an X post but did not mention or confirm stolen funds.

At the time of writing, it is unclear what attack method was used by Gonjeshke Darande to conduct the exploit.

The hack comes amid a flurry of cyber and physical attacks between Iran and Israel.

Gonjeshke Darande, believed by cybersecurity analysts to have ties to Israeli intelligence, has previously claimed responsibility for coordinated infrastructure attacks on Iranian steel factories and gas stations.

With the source code leak looming, Nobitex now faces not only financial loss but a full-blown credibility crisis — and users who haven’t yet moved funds may stand to lose everything, per the hacking group’s followup threats.

Author: Shaurya Malwa

Filed Under: Bitcoin Industry News

Expert Witness

Ty Sagalow head shotTy Sagalow's unique background in legal, underwriting, policy drafting and claims – and his designation as a “qualified insurance expert” by the United States District Court for the Southern District of California – offers attorneys an unparalleled resource in D&O, E&O and Cyber insurance coverage disputes. He was also named "Most Helpful Expert" in a recent $8.7M coverage decision.

Mr. Sagalow served as Chief Underwriting Officer and General Counsel for AIG Executive Liability (formerly National Union Fire Insurance Company of Pittsburgh, PA), the world’s largest carrier of Directors and Officers Liability and Professional Liability Insurance. As General Counsel, Mr. Sagalow personally wrote or led teams that wrote all the D&O policies and many of the professional liability policies that AIG produced between 1988 and 2000 – policies which continue to serve as the foundational wording for the D&O and professional liability policies in the market today. As AIG Executive Liability’s Chief Underwriting Officer, Mr. Sagalow was charged with all underwriting interpretations and decisions for AIG D&O/E&O policies. In 2009, Mr. Sagalow headed up the team that rewrote all D&O policies for Zurich North America.

Ty is a cum laude graduate of Georgetown University Law Center and holds a LLM from New York University School of Law.

Bitcoin Insurance

Combining his talents as a network security insurance expert and an insurance product development expert, Ty Sagalow is the leading expert on the unique risk and insurance needs of the bitcoin industry.

With the successful sale of BitSecure(tm), the first bitcoin theft insurance policy in February of 2015, he is the first to create a sustainable, robust insurance policy to cover the theft of bitcoins and other virtual currency backed by an A-Rated, global “top 10” Property and Casualty insurance company.

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Innovation Insurance Group is an insurance consulting firm and insurance brokerage founded by 30-year insurance executive, Ty R. Sagalow, former Chief Underwriting Officer, General Counsel and Chief Innovation Officer at AIG, and former Chief Innovation Officer at Zurich, NA and Tower Group. IIG focuses on three core practice groups: product development, expert witness services (primarily in the Management and Professional Liability areas), and bitcoin industry brokerage services.

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