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 Tuesday, 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 confirmed the total loss publicly, but ZachXBT’s analysis places the figure at nearly $49 million, involving swift transfers to unidentified Tron addresses.
This marks one of the largest publicly known exploits of an Iranian crypto platform and adds further pressure on digital asset infrastructure in the region amid growing geopolitical and economic uncertainty.
Nobitex, which handles the majority of Iran’s crypto trading volume, has previously faced scrutiny for its exposure to sanctioned entities. The incident is likely to prompt closer attention to exchange security standards in jurisdictions operating outside traditional regulatory frameworks.
More updates are expected once the investigation concludes.
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