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A pro-Israel hacktivist group known as Predatory Sparrow has claimed responsibility for a cyberattack on Nobitex, Iran's largest cryptocurrency exchange. The attack resulted in the theft and destruction of approximately $90 million in cryptocurrency. The group stated that Nobitex was targeted for allegedly financing terrorism and evading international sanctions for the Iranian regime. This incident highlights the increasing cyber conflict between Israel and Iran, with hacktivist groups playing a significant role in disruptive operations.

The hackers reportedly sent the stolen funds to inaccessible blockchain addresses, effectively "burning" the cryptocurrency and taking it out of circulation. Blockchain analysis firm Elliptic confirmed the transfer of over $90 million to multiple vanity addresses containing variations of "F--kIRGCterrorists" within their public key. This symbolic act suggests the intention was to send a political message rather than financial gain. It has been noted that Nobitex has over 10 million customers, raising concerns about the potential impact of the breach.

The attack on Nobitex follows a recent claim by Predatory Sparrow of hacking Bank Sepah, another major Iranian financial institution. These cyberattacks come amid escalating tensions and exchanges of airstrikes between Israel and Iran. Cybersecurity experts warn of a growing digital conflict unfolding behind the scenes, with the potential for broader spillover effects. The situation emphasizes the vulnerability of cryptocurrency exchanges to sophisticated cyberattacks and the need for enhanced cybersecurity measures.

ImgSrc: fortune.com

References :

• infosec.exchange: LorenzoFB post on Infosec Exchange about the group claiming responsibility for Iranian Bank Hack.
• techcrunch.com: TechCrunch article on pro-Israel hacktivist group claiming responsibility for Iranian bank hack
• Risky Business Media: Risky Bulletin: Israel-linked hackers claim Iran bank disruption
• techcrunch.com: Iran’s largest crypto exchange Nobitex said it was hacked and funds drained. Pro-Israel hacking group Predatory Sparrow claimed responsibility for the hack, which saw the group steal and destroy some $90 million in cryptocurrency from the Iranian exchange.
• CyberScoop: Iran’s financial sector takes another hit as largest crypto exchange is targeted
• fortune.com: The hackers, who call themselves Predatory Sparrow, sent the funds to likely inaccessible blockchain addresses, burning the cryptocurrency.
• Zack Whittaker: Iran’s largest crypto exchange Nobitex said it was hacked and funds drained. Pro-Israel hacking group Predatory Sparrow claimed responsibility for the hack, which saw the group steal and destroy some $90 million in cryptocurrency from the Iranian exchange.
• www.nftgators.com: Pro-Israeli Hacker Group Drains $90M from Iranian Crypto Exchange Nobitex
• bsky.app: My latest for BBC Persian: 'Predatory Sparrow' hackers stole $90 million from Iranian cryptocurrency company to 'send a message'.
• WIRED: Israel-Tied Predatory Sparrow Hackers Are Waging Cyberwar on Iran’s Financial System
• NFTgators: Pro-Israeli Hacker Group Drains $90M from Iranian Crypto Exchange Nobitex.
• Metacurity: Metacurity reports on the Predatory Sparrow group's activities, including the Nobitex attack and other Iranian targets.
• Risky Business Media: Tom Uren and Patrick Gray talk about a Minnesota man who used people-search services to locate, stalk and eventually murder political targets. They also discuss purported hacktivist group Predatory Sparrow weighing in on the Iran-Israel conflict. It has attacked Iran’s financial system including a bank associated with the Iranian Revolutionary Guard Corp and also burnt USD$90 million worth of cryptocurrency from an Iranian exchange This episode is also available on Youtube.
• aboutdfir.com: Pro-Israel hackers drain $90 million from Iran crypto exchange, analytics firm says  Iran’s largest cryptocurrency exchange, Nobitex, was hacked for more than $90 million Wednesday, according to blockchain analytics firm Elliptic.
• SecureWorld News: Israel–Iran Conflict Escalates in Cyberspace: Banks and Crypto Hit, Internet Cut
• www.metacurity.com: Israeli-linked hackers seized and burned $90 million from Iran's Nobitex exchange
• aboutdfir.com: Pro-Israel hackers drain $90 million from Iran crypto exchange, analytics firm says 
• The Hacker News: Iran's State TV Hijacked Mid-Broadcast Amid Geopolitical Tensions; $90M Stolen in Crypto Heist
• CyberScoop: This article reports on the cyberattack claimed by Predatory Sparrow against Iran's Bank Sepah.
• cyberriskleaders.com: This episode of Risky Business discusses the $90 million crypto hack of the Iranian exchange, Nobitex, and other recent cybersecurity incidents in the context of the Israeli-Iranian conflict. The hosts, Patrick Gray and Adam Boileau, are joined by special guest Chris Krebs to discuss various threat actor tactics and trends.
• www.elliptic.co: The Israeli-linked Gonjeshke Darande hacking group claimed responsibility for the attack.
• Industrial Cyber: Radware reports hybrid warfare as cyberattacks, disinformation escalate in 2025 Israel-Iran conflict
• Web3 is Going Just Great: The Iran-based Nobitex cryptocurrency exchange suffered a $90 million hack, and the attacker has also promised to imminently release data and source code from the platform.
• industrialcyber.co: Radware reports hybrid warfare as cyberattacks, disinformation escalate in 2025 Israel-Iran conflict
• Risky Business Media: Russian hackers abuse app-specific passwords to bypass multi-factor, the tenth Salt Typhoon victim is identified, Predatory Sparrow destroys $90 million from an Iranian crypto-exchange, and Argentina arrests a Russian disinfo gang.
• Risky Business Media: Between Two Nerds: The evil genius of Predatory Sparrow

Classification:

• HashTags: #IranHack #CryptoSecurity #PredatorySparrow
• Company: Iran
• Target: Nobitex
• Attacker: Predatory Sparrow
• Product: Nobitex
• Feature: Data Theft and Destruction
• Malware: encryption.exe
• Type: Hack
• Severity: Major