Iranian Crypto Exchange Nobitex Suffers $48.6 Million Exploit on Tron Network

Iran’s largest cryptocurrency exchange, Nobitex, has reportedly been exploited for $48.65 million on the Tron network.

On-chain investigator ZachXBT flagged suspicious outflows from several wallets linked to the platform.

Nobitex Halts Operations After $48 Million Tron Exploit

In an official statement posted Wednesday, June 18, Nobitex confirmed unauthorized access to parts of its notification infrastructure and hot wallet, prompting an emergency shutdown of all access and services.

The platform emphasized that the breach was contained to hot wallets, and that cold-stored user funds remain fully secure.

“Nobitex takes full responsibility for this incident and assures users that all incurred losses will be fully compensated through the insurance fund and Nobitex resources,” the exchange stated.

All website and app functions have been temporarily suspended while internal investigations continue.

The exchange has not yet publicly confirmed the total loss, but ZachXBT’s analysis places the figure at nearly $49 million, involving swift transfers to unidentified Tron addresses.

“The Iranian crypto exchange ‘Nobitex’ appears to have been exploited for $48.65M on Tron after suspicious outflows were observed from many wallets linked to them,” the blockchain investigator shared on Telegram.

Following the attack, the hacker group Gonjeshke Darande (Predatory Sparrow) claimed credit.

This marks one of the largest publicly known exploits of an Iranian crypto platform. It adds further pressure on digital asset infrastructure in the region amid growing geopolitical and economic uncertainty.

Nobitex, which handles most of Iran’s crypto trading volume, has previously faced scrutiny for its exposure to sanctioned entities.

The incident will likely prompt closer attention to exchange security standards in jurisdictions outside traditional regulatory frameworks.

More updates are expected once the investigation concludes.

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