Archive · 20 Jun 2025
Pro-Israel Hackers Steal, Burn $90M Crypto from Iran's Exchange
A pro-Israel hacking group called Predatory Sparrow attacked Iran's largest crypto exchange, Nobitex.
They stole about $90 million worth of Bitcoin, Ethereum, and other digital currencies.
Instead of keeping the money, they 'burned' it, meaning they made it unusable by sending it to special wallets.
These wallets include phrases like "Fu*kIRGCTerroristsNoBiTEX", showing their political motivation.
The attack is part of the ongoing tensions between Israel and Iran, with the hackers aiming to disrupt Iran's use of cryptocurrency and the attack followed recent Israeli airstrikes on Iran's nuclear facilities.
A pro-Israel hacking group, Predatory Sparrow, is allegedly responsible for a cyberattack on Iran's Nobitex crypto exchange.
The attack resulted in the loss of approximately $90 million in digital assets.
The hackers 'burned' the stolen funds by transferring them to inaccessible blockchain wallets.
The attack occurred on June 18, 2025, and the exchange has since gone offline.
The incident is seen as part of a broader geopolitical confrontation between Israel and Iran, potentially impacting Iran's ability to use crypto to bypass sanctions.
- Who
- Predatory Sparrow, a pro-Israel hacking group
- What
- A cyberattack and theft of approximately $90 million in digital assets from Iran's Nobitex crypto exchange, followed by burning the assets.
- When
- June 18, 2025
- Where
- Iran (Nobitex exchange)
- Why
- The group aimed to damage Iran's capacity to use cryptocurrency and make a political statement amid escalating tensions between Israel and Iran.
Pro-Israel Hacking
Iranian Allegations
Motivation
Pro-Israel Hacking
The hacking group, Predatory Sparrow, aims to damage Iran's financial capacity and express political messages.
Iranian Allegations
The target is Nobitex, which is alleged to have ties with IRGC-affiliated figures.
- Hacking Group
- Predatory Sparrow
- Target
- Nobitex cryptocurrency exchange
- Date of Attack
- June 18, 2025
- Estimated Loss
- $90 million
- Method
- Burning of digital assets
- Assets involved
- Bitcoin, Ethereum, Dogecoin