Quick overview

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Gonjeshke Darande, also known as “Predatory Sparrow,” a hacker collective, targeted Nobitex, one of Iran’s largest cryptocurrency exchanges, on Wednesday, damaging assets worth $90 million, and warned it will release the platform’s source code.

The group claimed to have attacked Iran’s state-owned Bank Sepah on Tuesday amid rising tensions between Israel and Iran.

This marks their second operation in two days. According to a social media post by the hackers early Wednesday, the most recent attack targeted Nobitex, a prominent Iranian cryptocurrency exchange. Nobitex is reportedly helping the Iranian government evade sanctions and funding illegal international activities.

Nobitex’s website was unavailable. In an X post, the company acknowledged its app and website were offline while investigating “unauthorized access” to its systems.
Gonjeshke Darande has a history of launching advanced cyberattacks against Iranian targets. The Israeli government has never formally acknowledged any connection to Gonjeshke Darande, despite speculation that the hacking group has ties to Israel.

Geopolitical uncertainty weighed on the digital asset after President Donald Trump demanded Iran’s “unconditional surrender” on Tuesday, as the sixth day of the Iran-Israel air war began.
According to three officials, the US military is increasing the number of fighter planes sent to the area to strengthen its forces.
A direct US strike on Iran might signal a significant escalation in the Israel-Iran conflict, given Tehran’s warnings of severe repercussions. Today’s event marked the seventh day of strikes between Israel and Iran, with little indication that the Middle Eastern conflict is de-escalating.