Notcoin’s price is dumping hard, but things might start to look better. Some hackers hit an Iranian crypto exchange, stole 6M worth of Notcoin, and sent it through the TON blockchain. Now it’s pretty much gone. What does that mean? Should you freak out? Oh, and have you seen the Solaxy presale? It’s blowing up and is one of the most hyped presales on Solana right now.

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What Happened To Notcoin Crypto Funds?

After the hackers hit Notibex, a Persian crypto exchange, they moved a bunch of Notcoin to a new Ton address. But here’s the twist: that address is inaccessible. Not even the hackers can access it.

So, 3 billion $NOT, worth $6M, is pretty much gone. That’s like burning 3% of the entire Notcoin supply in one go. And burning tokens? That’s usually a good thing for crypto. With 3% less $NOT floating around, it could cause a supply shock in the long term, especially if demand stays strong. However, the price of Notcoin hasn’t really reacted much after all this went down and pretty much stayed the same.

Who Hacked The Iran Crypto Exchange Notibex?

Nobitex, Iran’s biggest crypto exchange, just confirmed a huge cyberattack that saw around $48 million get stolen, raising alarms across the crypto industry.  A pro-Israel hacker group called Gonjeshke Darande is claiming responsibility. They say the hack was payback for what they called Nobitex’s involvement in funding terrorism and dodging sanctions. The breach mainly hit wallets on the Tron network and other EVM-compatible chains.

This attack follows another cyber hit by the same group, where they targeted Iran’s Bank Sepah, which has ties to the military. The hackers say they wiped out critical data and messed with the bank’s online services.

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Bonus: Solaxy, 4 Days To Go, Your Last Chance To Buy The First Ever L2 On Solana

https://twitter.com/SOLAXYTOKEN/status/1934647407146578132

with just 2 days left, Solaxy crypto’s about to blow up in the Solana ($SOL) scene and catch the eye of long-term investors. The staking is fire too, with up to 78% APY.

Chains like Solana are still going to crush it and might even outdo everyone. That’s where Solaxy comes in, the fresh new chain that can handle way more transactions and take pressure off Solana.

Solaxy is an L2 that makes it easier for devs to build dApps and connect with users, taking pressure off Solana. It’s unlocking Solana’s true full potential, kind of like how Arbitrum did for Ethereum back in the day when it first launched.

The $SOLX presale is your last chance to snag them at the lowest price before it goes live. Tokens are going for just $0.001744, but that price will keep rising every two days as the sale ends. Catch up while you still can.

A lot of big whales and investors are buying into this kind of presale, which usually blows up 10x to 15x after launch. The savvy and experienced whales often buy these projects under the radar to maximize their gains. One whale recently grabbed over $400k worth of $SOLX on the Ethereum chain. Click here for the transaction ID.

Click Here To Follow The Smart Whales Get In The Presale; Very Limited Time Left.

Connect with the huge SOLX Online community on X and Telegram.

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Key Takeaways

  • Hackers moved 3 billion $NOT to an inaccessible address, potentially causing a long-term supply shock.
  • Pro-Israel group Gonjeshke Darande claimed responsibility for the $48M Nobitex cyberattack.

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Ahmed Balaha
Ahmed Balaha
Crypto Journalist

Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. He has a strong interest in financial literacy and sustainable investing, and he combines these... Read More

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