Nobitex, Iran’s largest cryptocurrency exchange, reportedly was misused on the Tron network for $48.65 million.
Chain investigator Zachxbt flagged suspicious leaks from several wallets linked to the platform.
Nobitex will stop operations after a $48 million Tron Exploit
In an official statement posted on Tuesday, June 18th, Nobitex confirmed unauthorized access to some of its notification infrastructure and hot wallets, prompting an emergency shutdown of all access and services. The platform emphasized that violations are included in hot wallets and cold-preserved user funds remain completely safe.
“Nobitex is fully liable for this incident and will assure you that all incurred losses will be fully covered through the Insurance Fund and Nobitex resources,” the exchange said.
All website and app functionality is temporarily suspended for the duration of an internal investigation. The exchange has yet to publicly confirm public losses, but Zachxbt’s analysis places a figure of nearly $49 million, including a quick transfer to an unidentified Tron address.
It is one of the largest publicly available exploits of Iran’s crypto platform, and will add additional pressure to the region’s digital asset infrastructure amid growing geopolitical and economic uncertainty.
Nobitex, which handles the majority of Iran’s crypto trading volume, is facing scrutiny over exposure to previously approved entities. This case could raise caution to exchange security standards for jurisdictions operating outside of traditional regulatory frameworks.
Once the investigation is complete, more updates are expected.
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