Among other attacks, the Israeli hacker group Predatory Sparrow wiped out $90 million in holdings from an Iranian cryptocurrency exchange called Nobitex.
Rather than speculation, many ordinary people in Iran keep money in cryptocurrency assets (mostly USD-pegged stablecoins like Tether) as a means of preserving them from inflation caused in part by currency devaluation from sanctions. This attack wiped out the savings of tons of ordinary people while it is being celebrated as somehow being an attack on the government.
While Israel and the U.S. were bombing Iran’s nuclear sites, another battlefield emerged behind the scenes: the financial infrastructure that keeps Tehran connected to the world.
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