This attack comes days after Israeli airstrikes on Tehran’s nuclear facilities, highlighting the growing role of crypto in global conflicts. The hackers accused Nobitex of helping the Iranian regime bypass sanctions and fund terrorism. Blockchain security companies, such as Chainalysis, confirmed that the stolen funds were not transferred to exchanges or mixers, but were actually burned-they were irrecoverable.
In response, Nobitex said all user funds remain safe in cold storage. The platform added that it emptied hot wallets as a precaution and has enough reserves to cover any losses. Nobitex is under pressure with more than 11 million users as the cyber tensions are on the rise.
The Federal Reserve has unveiled a new proposed rule that would require certain payment stablecoin issuers to…
Shares of HIVE Digital Technologies jumped more than 10% after the company announced a major $220 million, three-year…
Illinois has officially become the first U.S. state to impose a transaction-based tax on cryptocy activity…
The cryptocy market was hit by a sharp wave of volatility after the Federal Open Market…
Algorand is accelerating its push toward becoming one of the world's first fully quantum-resistant blockchains, announcing…
The long-awaited Digital Asset Market CLARITY Act is moving closer to becoming law as momentum continues building…