Why did Nobitex make suspicious transactions worth 12.5 million dollars?

Blockchain Security Firm Reports Suspicious Transactions Worth $12.5 Million by Crypto Exchange


According to blockchain security firm Syvers, more than $12.5 million worth of suspicious transactions have been made from Iranian crypto exchange Nobitex's hot wallet.

Cybers discovered several suspicious transactions on the Nobitex exchange that depleted digital assets worth around $12.5 million. Nobitex has yet to comment on whether these transactions were authorized or whether hackers are responsible for the actions.

As of writing, one of the suspect addresses contains assets worth more than $12.5 million.

A suspicious wallet token that drained funds from Nobitex. Source: Etherscan

This is a developing story…

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