19 June 2025
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Hackers Release Nobitex Source Code as Iran Enforces Crypto Trading Curfew
The hacker group Gonjeshke Darande claimed responsibility for a $100 million hack of Iran's exchange Nobitex, releasing the platform's complete source code. Key points include:
- The hackers emphasized that assets in Nobitex are now exposed.
- Details shared included critical security features and a downloadable zip file with the source code.
- The group targeted Nobitex due to alleged ties with Iranian government officials and funding activities violating international sanctions.
Nobitex reported no additional financial losses and aims to restore services within five days, despite internet disruptions in Iran. The hackers claimed that $90 million was burned from stolen funds, affecting major cryptocurrencies like Bitcoin and Ethereum.
The Central Bank of Iran imposed operational restrictions on cryptocurrency exchanges, limiting trading hours to 10 a.m. to 8 p.m. This move is seen as a measure to prevent further attacks and exert control over citizen transactions amid geopolitical tensions.