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XRP's potential rally and ETF debut in Canada spark interest, but emerging tokens are stealing investor focus as it eyes a $3.92 rebound.

Iran-based crypto exchange hacked for $48M amid cyberattack claims by Israel-linked group

CryptoSlateWednesday, June 18, 2025 at 8:02:32 AM
Iran-based crypto exchange hacked for $48M amid cyberattack claims by Israel-linked group
An Iranian cryptocurrency exchange called Nobitex got hit by hackers who stole a whopping $48 million. The company admitted the breach on social media, saying their "hot wallets" (a type of digital storage vulnerable to online attacks) were compromised. While they didn’t directly blame anyone, the timing raises eyebrows—some suspect an Israel-linked cyber group might be behind it, though nothing’s confirmed yet.
Editor’s Note: Crypto hacks are nothing new, but this one’s messy for a few reasons. First, it’s a huge financial blow for Nobitex and its users. Second, if state-backed hackers are involved (especially given Iran-Israel tensions), it turns a financial crime into a geopolitical headache. For everyday crypto traders, it’s another reminder that even exchanges aren’t bulletproof—so maybe keep your digital cash in cold storage.
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