[The] exploit underscores the inherent tension between the borderless nature of cryptocurrency and the geopolitical realities of nation-state restrictions," Chainalysis wrote
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Hacker group claims leak of Nobitex source code as Iranian exchange’s stolen funds top $100 million
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Chainalysis described Nobitex as a central hub in Iran’s sanctioned crypto ecosystem, stating that the hack underscores the tension between crypto’s borderless nature and the regulatory restrictions imposed by nation-states
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