Nobitex is the largest cryptocurrency exchange in Iran and a key conduit for crypto inflows into the country.

Quotes that support claims

Nobitex, Iran’s largest exchange, confirmed the attack in an X post but did not mention or confirm stolen funds.

Founded in 2017, Nobitex has grown into Iran’s most-used crypto exchange. According to a 2023 report by TRM Labs, it processed 87% of all crypto inflows into the country, which totaled nearly $3 billion that year.