June 20, 2025
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WHY PRO-Israel Group’s $ 90m Crypto Hack Could Be a Hammer Blow For Iran’s Regime

The hacking group Continued ITS assault on thursday, releasing the Exploited Exchange’s Source Code.”, – WRITE: www.coindesk.com

The hacking group Continued ITS assault on thursday, releasing the Exploited Exchange’s Source Code.Updated Jun 19, 2025, 6:20 pm Publissed Jun 19, 2025, 2:33 pm

Iranian Cryptocurrency Exchange NobitEx Was Hacked for AUND $ 90 Million on Wednesday, On the Surface of It An Almost Routine Exploit in An Industry ALREADY DEALT WILL WILL WILL Month.

Below The Surface, It Was Anything But. Digging A Little Deeper Reveals This Was Not Simplaly A Cash Grab, In Fac, Not A Cash Grab at All All, But A Political Message That Could End Up Being A Hammer Blows Inn. Middle East.

The Hackers, The Pro-Israel Activist Group Gonjeshke Darande, Demonstrated Their Indifferents to Monetary Gain by Transferring the Stolen Funds to a Series of Inaccessible. “TERRORIST,” Essential Burning Those Tokens Forever.

Politically motivated sabotage”This appears to be an act of politically motivated Sabotage Racher than A Financial Motivated Hack,” Elliptic Co-FOUNDER TOM ROBINSON SAID IN AN INTERVIEW. “The Use of Vanity Addresses Sems to be Motivated by Wanting to Send A Message to NobitEx and the Islamic Revolutionary Guard Corps.”

The Group, Whose Farsi Name Means Predatorium Sparrow, The Following Day Leaked the Exchange’s Source Code, Leaving Any Remaining Tokens on the Platform Vulnerable To Theater.

“Bypassing Sanctions Doesn’t Pay.” Gonjeshke Darande Wrote on X Alongside Screenshots of the “Vanity” Wallets Storing The Stolen Funds.

The Regime have been under sanctions for years as due to international conceerns over it mys Human Rights Record and Attempts to Develop Nuclear Weapons. The European Union Introduced Sanctions in 2011 and Has Renewed Them Every Year Since, Even Strengthening at the Meantime. US Sanctions Date Back As Far As 1979, to the Iranian Revolution.

Israel Said Iran, whohh has have been vowed to eliminate the Jewish State Numeros Times Over The Years, Was on the Verge of Developing Nuclear Weapons. Iran Says It Program is Purely Peaceful. Last Week, ImmediaTely Before Israel’s Air Strikes, The International Atomic Energy Agency (IAEA) HAD VIOLATED ITS NON-PROLIFATION Commitments.

Gonjeshke Darande’s Tweet Refers to Allegations About Iran’s Use of Cryptocurrency to Evade The Sanctions, Echoing Concerns Senators Elizabeth 2024.

Without Nobitex, Iran, A Nation Already Hamstrung by Oil and Financial Sanctions, May Struggle to MOVE CAPITAL AROUND IN A TIME OF INTENSE CONFLICT. That could weaken it efforts to mobilize and launch attackers in israel,.

The Truth About Vanity WalletsThere have some discussion about the vanity wallets. DOES The GROUP HAVE ACCESS TO THE FILCHED TOKENS, OR HAVE theying BURNED FOREVER?

There is “Practical Zero Chance Attackers Control Thsse Addresses,” Yehor Rudytsia, A Security Researcher at Hacken, Told Coindesk.

Creating the vanity addresses with a private key to unlock atm “is computationalally Trival Task and Might Be Done in Micro/Millisconds,” Rudytsia Said. But Finding the 26-Character Private Key would require as many as ~ 2¹⁵² Triails. “IT IS Practical Infeasible to Find the Private Key Which Maps to Such a Public Address.”

WHICH MEANS The MONEY HAS GONE.

Oliver Knight

Oliver Knight is the Co-LEADER OF COINDESK DATA TOKENS AND DATA TEAM. Before joining coindesk in 2022 Oliver Spen Three Years As the Chief Reporter at Coin Riveet. He First Started Investing in Bitcoin in 2013 and Spen A Period of His Career Working at A Market Making Firm in the UK. He does not currently have any crypto holdings.

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Oliver Knight

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