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Iran’s largest crypto exchange suffers $48 million hack; Here’s what happened

From finbold.com

Iran’s largest cryptocurrency exchange, Nobitex, has suffered a major security breach, resulting in the loss of approximately $48.65 million in USDT on the Tron network. The incident was initially revealed by on-chain cryptocurrency investigator ZachXBT, who flagged suspicious activity involving several wallets associated with Nobitex. According to his analysis, the stolen funds were quickly funneled into unidentified Tron addresses, indicating a well-coordinated and sophisticated operation. In a statement on June 18, Nobitex confirmed that its hot wallets and parts of its notification infrastructure had been ... (full story)

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