Israel hackers hack wallets of Iran cryptocurrency exchange

Nobitex, an Iran cryptocurrency exchange has been targeted by Israel’s hackers. Hot wallets remain the top threat of all cryptocurrency exchanges. Tough hit, but at least they are stepping up to cover losses and secure cold storage. Lets hope the investigation brings clarity.

Nobitex posted this on their website earlier today. 

This morning, June 19, our technical team detected signs of unauthorized access to a portion of our reporting infrastructure and hot wallet. Immediately upon detection, all access was suspended and our internal security teams are closely investigating the extent of the incident.

We would like to remind you that users’ assets are completely secure according to cold storage standards, and the above incident only affected a portion of the assets in hot wallets.

Nobitex accepts full responsibility for this incident and assures users that all damages will be compensated through the insurance fund and Nobitex resources. Until a full review is completed, the website and app are temporarily unavailable.

Further details will also be released once the investigations are complete. Thank you for your trust and patience.

Some users on X say that the exchange was used primarily by the Iranian Government to skirt around sanctions and generate funding. We are unable to confirm this allegation.

The Nobitex exchange is currently offline and no trading is taking place at this moment.