Hackers Release Source Code of Iranian Crypto Exchange Nobitex
Date: 2025-06-19 Author: Henry Casey Categories: BUSINESS
The attackers said that all funds remaining on Nobitex are now publicly available. They also posted screenshots that allegedly show code fragments related to the exchange's infrastructure, interface, and security elements.
ZachXBT, a blockchain analyst, was the first to report suspicious activity from Nobitex wallets. Later, the exchange's officials confirmed the hack.
According to Chainalysis, the total user losses exceed $90 million in cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, Solana, and others. At the same time, the platform itself estimates its losses at about $100 million.
Hackers from Gonjeshke Darande described Nobitex as a “key tool of the regime” used to finance terrorism and circumvent international sanctions. Chainalysis analysts confirmed that the attack was politically motivated. The attackers transferred funds to one-time wallets that do not have access to private keys, which effectively led to the destruction of assets, rather than their theft for personal gain.
Chainalysis reports note that Nobitex plays a significant role in the crypto economy of Iran, which is under sanctions. The exchange is an important link that provides local users with access to global financial markets. At the same time, experts point out that previous investigations have linked Nobitex to illegal groups, including ransomware operators with ties to the Islamic Revolutionary Guard Corps, as well as Russian crypto exchanges under sanctions.
Following the incident, the Central Bank of Iran limited the working hours of all national crypto exchanges, now they can only carry out trading operations from 10:00 to 20:00. Chainalysis specialists believe that this decision is due to the authorities' desire to strengthen control over the crypto market and reduce systemic risks.
In a fresh statement, the Nobitex team admitted that the scale and consequences of the hack were more serious than initially expected. Despite this, the amount of financial losses mentioned earlier has not changed.
Representatives of the exchange added that it will take more time to fully and safely restore the services. According to their forecasts, the resumption of Nobitex will take place in stages over the next 4-5 days.
It is worth noting that in May of this year alone, the losses of the crypto industry due to hacker attacks reached $ 244 million, according to PeckShield.
