Nobitex, Iranian crypto exchange has been exploited worth over $80M

[avikz]

All of these addressee are vanity address if you look at them. The message is also very clear on the addresses as well.

I doubt it is a task of any hacker group or an individual hacker. 90 million is a tempting amount to take and run. It's most likely done by some government supported groups. That is the only explanation why such a huge amount of cryptos were burnt and lost forever.

Unfortunate and absolutely furious to see so many cryptos are taken out of circulation. These could have been donated to some good causes.

[Synchronice]

This is all link to what's happening between Israel and Iran recent fight but do we have to involved innocent businesses and peoples money.

Israel has a Mosad, probably one of the best intelligence. I'm still shocked about what they did to Hezbollah, they concealed explosives inside batteries of pagers and these batteries were from Taiwan and Hungary. The influence of Israel over the United States is huge too. Perfect, they are just perfect at doing what they do, they know how to spy, gather intelligence and do some other manipulations.

-Not your keys, not your funds.

To my mind, that's not the only thing in this case and I'd say that the lesson of this accident is different. This exchange has access to their own keys, right? But they still lost over $80 million. So, even when keys belong to you, you have to take care of it, just holding a key doesn't mean everything.

[uchegod-21]

All of these addressee are vanity address if you look at them. The message is also very clear on the addresses as well.

FuckiRGTTerrorists

I doubt it is a task of any hacker group or an individual hacker. 90 million is a tempting amount to take and run. It's most likely done by some government supported groups. That is the only explanation why such a huge amount of cryptos were burnt and lost forever.

Individuals can also do it on behalf of the government in order to implicate them

Unfortunate and absolutely furious to see so many cryptos are taken out of circulation. These could have been donated to some good causes.

If you donate the coins for some good causes, the government will track it and get those involved arrested and maybe shutdown a few non KYC exchanges and mixers.

[Ryu_Ar1]

Gonjeshke Darande hacked the exchange. Gonjeshke Darande is a pro-Israel hacker group in Israel.

And it looks like they burned all of the coins. They didn't even steal them or anything.

Indirectly they actually do not want money but just want to inform that some sites in Iran are easy to hack and this can also be a form of psychological attack carried out in the midst of critical conditions due to geopolitics that occur considering that if you look at some of the news that is happening now hackers are a group that is indeed pro-Israel.

But even so, I think this is an action that does not reflect something good because in the end we know that in the exchange there must be a lot of funds from innocent civilians and even have no interest whatsoever even though in this case their goal may be to show dominance but if in the end this is still related to the geopolitics of Iran and Israel then the steps taken I think are not very commendable.

[Darker45]

If it's proven beyond reasonable doubts that the hack was Israel, related then I'd say that it's very unfortunate because innocent civilians have funds in that exchange. I don't know a country or their sympathizers that will target civilian assets to cripple their enemy's strength, I'm not in the military but I doubt that it's supposed to be in the rules of engagement.

It is worth knowing that the exchange customers do not suffer any loss and the exchange told its customers that they will continue to operate and that only little amount of money was stolen.

Such reassuring statements are very familiar whenever an exchange suffers a breach. One has to take them with a pinch of salt.

In this case, the real situation might be much grimmer than what's made to appear in public. Interestingly, the figures are getting bigger. The earlier was $48 million. It grew to $81.7 million. The second to the last official announcement mentioned $100 million. That's not a "little amount of money".

Moreover, there's also a noticeable shift in the announcements, from "the situation is now under control" in the 4th update to "the scope and impact of the attack are more complex than initially estimated" in the 5th update.

[yhiaali3]

In the early hours of today, it was reported that a popular crypto exchange in Iran has been exploited by some group of people. Coins like Bitcoin, Tron, Doge and other Evm were moved from the exchange wallets and sent to the following vanity addresses.

• TKFuckiRGCTerroristsNoBiTEXy2r7mNX
• 0xffFFfFFffFFffFfFffFFfFfFfFFFFfFfFFFFDead
• DFuckiRGCTerroristsNoBiTEXXXWLW65t

Everyone has heard the bad news and now the war between Israel and Iran is over, thank God.
But what caught my attention were the addresses to which the stolen assets were sent. It was clear that they contained a message directed towardIran and the Iranian exchange Nobitex.

If we remove the first two letters from the first address, it becomes:
"FuckiRGCTerroristsNoBiTEX" which clearly means:
"Fuck-iR-GC-Terrorists-NoBiTEX"

The last address is exactly the same. I wonder how they were able to create these custom addresses containing these targeted messages? Are there wallets that allow user to create such custom addresses?

[NotATether]

The last address is exactly the same. I wonder how they were able to create these custom addresses containing these targeted messages? Are there wallets that allow user to create such custom addresses?

It's very simple to create a burner address that says whatever you want. Just calculate the checksum of the address and add it at the end, like in Bitcoin. If my memory serves me correctly.

Nevertheless, hacking private institutions like this is illegal and does virtually nothing to impede the country they are trying to hurt. It only hurts innocent people who have their money there.

[yhiaali3]

The last address is exactly the same. I wonder how they were able to create these custom addresses containing these targeted messages? Are there wallets that allow user to create such custom addresses?

It's very simple to create a burner address that says whatever you want. Just calculate the checksum of the address and add it at the end, like in Bitcoin. If my memory serves me correctly.

Nevertheless, hacking private institutions like this is illegal and does virtually nothing to impede the country they are trying to hurt. It only hurts innocent people who have their money there.

This is what hurts me too. Unfortunately, innocent people are often the victims.
These people whose accounts were hacked and whose assets were stolen most likely had nothing to do with this conflict, and a large portion of them may be fundamentally against the Iranian regime.

As you mentioned, such operations harm innocent people while harming the Iranian regime, because these senior officials would most likely not use such exchanges to deposit their money. Nor does it harm the Iranian economy. They simply believe they have dealt a major morale blow to their enemy.