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Iran’s Largest Crypto Exchange Faces $90 Million Cyberattack Amid Rising Geopolitical Tensions

by THEFUTURE.TEAM

June 19, 2025

Premeditated Cyber Offensive Amid Political Turmoil

Iran’s leading cryptocurrency platform, Nobitex, has suffered a significant breach resulting in the loss of over $90 million in digital assets. Recent investigations by blockchain analytics firm Elliptic reveal that the funds were siphoned from the platform’s wallets into burner addresses marked with anti-government messages. These messages explicitly reference Iran’s Islamic Revolutionary Guard Corps (IRGC), hinting at a politically motivated operation.

Political Motives Behind the Breach

Blockchain research by Chainalysis confirmed that the stolen assets spanned a diverse portfolio including Bitcoin, Ethereum, Dogecoin, Ripple, Solana, Tron, and Ton. Notably, a pro-Israel hacking group known as Predatory Sparrow, also identified as Gonjeshke Darande, has claimed responsibility for the attack. In a provocative move, the group declared its intent to release the exchange’s source code, reinforcing the assertion that the theft was driven by non-financial motives. According to experts, the deliberate use of burner addresses, where the attackers lack private keys, indicates a symbolic act aimed at political messaging rather than monetary gain.

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Links to the IRGC and Wider Implications

Elliptic’s findings also connect Nobitex to the IRGC, a key branch of the Iranian military designated as a terrorist organization by multiple Western governments. Previous investigations have further linked the platform to sanctioned ransomware groups and individuals in close proximity to Iran’s leadership. Moreover, blockchain data reveals interactions between Nobitex wallets and entities associated with Hamas, Palestinian Islamic Jihad, and the Houthis, underscoring the complex network of affiliations that span the region.

The Future of Cybersecurity in a Politically Charged Era

As cyberattacks increasingly intersect with geopolitical conflicts, the incident at Nobitex exemplifies the growing threat landscape facing digital financial platforms. With virtual asset flows continuing to be closely monitored by firms like Elliptic, the cybersecurity community is prompted to enhance its defense mechanisms against politically motivated cyber incursions. This attack serves as a stark reminder that in the digital age, cyber operations are not solely driven by financial gain, but also by strategic geopolitical objectives.

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Sklavenitis Cyprus Sets A New Standard For Employee-Centric Benefits

by THEFUTURE.TEAM

September 12, 2025

Investing In Human Capital

In a bold move that underscores the growing importance of human capital in today’s business landscape, Sklavenitis Cyprus has taken innovative steps to ensure its workforce is both valued and supported. The supermarket chain has introduced a policy to pay a 14th salary to all employees—including those from Papantoniou Supermarkets—cementing its status as the sole retailer in Cyprus to implement such a comprehensive benefit.

A Significant Investment In People

This initiative is far from symbolic. With an estimated total cost of €2 million, it represents a committed investment in the company’s most valuable asset—its people. By providing an additional salary, Sklavenitis reinforces a culture of inclusivity and fairness, acknowledging every employee’s contribution to its success.

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Robust Benefits For Long-Term Stability

Complementary to the 14th salary, the company has launched a robust benefits program designed to address both financial and personal security. An Automatic Cost of Living Adjustment (ATA) of 12.56 per cent ensures that wages remain aligned with inflation, safeguarding real income stability for its team members.

Comprehensive Health And Life Support

Sklavenitis further enhances employee welfare through access to a Group Life and Health Insurance Plan and a Provident Fund co-funded by the employer. These measures not only provide immediate protection but also empower employees to plan confidently for the future.

Exclusive Perks And Incentives

The company extends its commitment beyond conventional benefits by offering store discounts, a birth allowance, and holiday gift vouchers valued at €100 during both Easter and Christmas. These additional perks enhance employee satisfaction and underline Sklavenitis’ people-first ethos.

A Strategy For Mutual Success

In an industry where employee engagement directly impacts customer satisfaction, Sklavenitis’ comprehensive approach stands out as both a progressive and strategic business decision. By investing in its workforce, the company not only nurtures a supportive workplace but also drives superior corporate performance, setting a new benchmark for responsible employment practices in Cyprus.