TRX slips 6% as Iran’s Nobitex suffers $80M hack on Tron Network

The Iran-Israel war has landed on the cryptocurrency industry. Iran’s top crypto exchange, Nobitex, has suffered a massive exploit on the Tron blockchain, losing assets worth over $80 million.

Most notably, Israel’s hacking group revealed that they breached the trading platform with a bold statement reading:

We, “Gonjeshke Darande,” conducted cyberattacks against Nobitex.

On-chain investigator ZachXBT unveiled the news via Telegram on Wednesday, revealing that the attacker drained millions in digital assets across Tron, Dogecoin, Bitcoin, and various EVM-compatible protocols.

The involved digital tokens plunged following the revelation, but Tron’s TRX seemed to suffer the most.

TRX trades at $0.272 after losing 6.50% in the past 24 hours, and the reducing trading volume suggests continued struggles in the near –term.

Meanwhile, the nature of the transactions has grabbed attention.

Apart from draining the funds, the attacker capitalized on the incident to send a harsh message using customized wallets.

They moved the stolen assets into vanity addresses with offensive tags, including:

• Tron – TKFuckiRGCTerroristsNoBiTEXy2r7mNX
• Bitcoin – 1FuckGCTerroristsNoBiTEXXXaAovLX
• Dogecoin – DFuckiRGCTerroristsNoBiTEXXXWLW65t
• Ethereum – 0xffFFfFFffFFffFfFffFFfFfFfFFFFfFfFFFFDead

These are not random addresses.

The attacker deliberately crafted the wallets to incorporate anti-terrorism, anti-Iran’s Islamic Revolutionary Guard Corps (IRGC), and anti-Nobitex messages.

Experts believe this isn’t a finically driven attack but a planned cyber-psyop.

While most crypto fraudsters launder or withdraw stolen assets, Nobitex perpetrators sent the funds to inaccessible or dead wallets, burning the digital assets permanently.

ZachXBT stated:

The funds were essentially burned permanently and could not be touched unless stablecoin issuers were to reissue the centralized stablecoins.

Destroying the assets without monetary gains reflects the ideological or political motive behind the Nobitex hack.

Israel hackers claim responsibility

Forget about bounties and white hat deals. Gonjeshke Darande, an Israel hacker group, claims to be behind Nobitex’s attack.

The event comes amid the ongoing conflict between Iran and Israel, which has entered the fifth day of escalation.

The group stated:

These cyberattacks are the result of Nobitex being a key regime tool for financing terrorism and violating sanctions. Associating with regime terror financing and sanction violation infrastructure puts your assets at risk.

Gonjeshke Darande

@GonjeshkeDarand
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After the IRGC’s “Bank Sepah” comes the turn of Nobitex

WARNING!

In 24 hours, we will release Nobitex’s source code and internal information from their internal network.

Any assets that remain there after that point will be at risk!

The Nobitex exchange is at the heart of the

10:00 AM · Jun 18, 2025
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TRX momentum dwindles

Tron’s network likely attracted the attackers due to its speed, ease of creating customized wallets, and low transaction fees.

Meanwhile, the incident has deteriorated sentiments across the blockchain, explaining TRX’s massive slump on its daily price chart.

The digital token hovers at $0.2736 after losing more than 6% in the past 24 hours.

The daily trading volume has plummeted by nearly 60%, signaling waning interest in TRX.

Enthusiasts can anticipate further Tron dips as the markets digest Nobitex’s hacking incident.

Losing the 0.2647 barrier could trigger continued dips to early May lows of $0.2437.

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