Predatory Sparrow, an Israel-affiliated cyber-sabotage group, executed a highly destructive attack on Nobitex, Iran’s prominent cryptocurrency exchange, in June 2025. The assault resulted in the permanent theft and destruction of $90 million in cryptocurrency assets, rendered inaccessible by transfer to controlled wallet addresses. Beyond financial losses, the attackers published Nobitex’s entire source code, infrastructure documentation, and internal R&D materials, exposing critical operational vulnerabilities, sensitive intellectual property, and proprietary privacy research. The breach inflicted irreversible reputational damage, eroded customer trust, and compromised the exchange’s competitive standing. The attack’s sophistication—leveraging multi-stage malware, forensic evidence destruction, and targeted data wipers—highlighted the group’s capability to paralyze financial infrastructure while ensuring no recovery. The incident underscores Nobitex’s existential operational and financial threats, with long-term implications for Iran’s cryptocurrency sector and broader economic stability.