According to Tom Robinson, co-founder of Elliptic, the $90 million hack on Iranian cryptocurrency exchange Nobitex by pro-Israel group Gonjeshke Darande is an act of politically motivated sabotage, not financial theft. Yehor Rudytsia, a security researcher at Hacken, confirmed that the stolen funds were permanently burned in inaccessible vanity wallets, making recovery impossible. This event could cripple Iran's ability to bypass sanctions using cryptocurrency, potentially increasing regulatory scrutiny and volatility in global crypto trading markets.

According to PeckShieldAlert, $HAI has experienced a significant security breach, resulting in an immediate and sharp price crash. The hack has led to heightened volatility and increased trading activity, with investors reacting swiftly to the news. This event underscores the ongoing risks of smart contract vulnerabilities in the cryptocurrency sector and is likely to impact broader market sentiment, particularly among altcoins with similar market profiles (Source: PeckShieldAlert, June 20, 2025).

According to PeckShieldAlert, the address labeled as the Cork Protocol exploiter has moved 4,530.59 ETH, valued at approximately $11.4 million, to a new wallet (0xFC0A...CDff4). This significant ETH transfer suggests potential liquidation or laundering activity and could increase volatility for ETH in the short term as traders monitor the new wallet for further movements. The sudden shift in large ETH holdings is likely to impact market sentiment and short-term trading strategies. Source: PeckShieldAlert on Twitter.

According to PeckShieldAlert, the address labeled as the Abracadabra.money exploiter has moved 3,000 ETH, valued at approximately $7.5 million, to Tornado Cash. This follows the March 2025 incident where Abracadabra was drained of $13 million in a major exploit (source: PeckShieldAlert on Twitter, June 19, 2025). This movement of stolen funds through Tornado Cash increases risks of further market sell-offs and raises concerns over the security of DeFi platforms and the traceability of large ETH transfers. Traders should monitor ETH price volatility and be cautious with DeFi protocols facing exploit aftermaths.

According to ZachXBT, the stolen crypto assets were funneled through the low-volume privacy tool Secret Bridge, then moved via two instant exchanges before being distributed across more than 20 Gate.io deposit addresses and other services (source: ZachXBT on Twitter, May 9, 2025). This complex laundering process highlights increased risk of asset obfuscation on centralized exchanges, potentially impacting liquidity and compliance for traders monitoring suspicious inflows.

According to PeckShieldAlert, addresses linked to the Bitrue exploiter have recently swapped 150 billion SHIB and 756 million HOT tokens for approximately 1,500 ETH, with 1,050 ETH subsequently laundered through Tornado Cash. The exploiter continues to hold 5,111 ETH and 16 million DAI, with a total value of around $25.5 million. This activity follows the 2023 Bitrue cyberattack and highlights ongoing risks for token liquidity and ETH market sentiment as large asset movements by malicious actors can trigger price volatility and impact trader confidence (Source: PeckShieldAlert).

According to Bold (@boldleonidas), users experienced locked accounts when attempting to withdraw funds from Coinbase on a regular business day, whereas withdrawals from ByBit were reportedly processed without issues even on the same day as the largest hack in crypto history. This highlights potential differences in operational protocols and risk management strategies between the two exchanges, which could impact trader preferences and trust in these platforms.

According to Cas Abbé, North Korean hacker group Lazarus has executed the largest crypto hack in history, stealing $1.46 billion worth of ETH from Bybit. The breach occurred during Bybit's regular weekly transactions to its warm wallet, drawing parallels to the previous WazirX hack. This development is critical for traders monitoring exchange security and potential impacts on Ethereum market liquidity.

According to Michaël van de Poppe, the largest crypto hack ever accounted for 20% of total crypto hacks, yet the markets showed resilience with only a 2% decline, indicating strength in market stability.