Iran’s largest state-owned bank, Bank Sepah, first went down, with all ATMs offline and the government unable to pay wages. Even the military might face delays in payments. Then, the largest cryptocurrency exchange, Nobitex, was raided, and $90 million was wiped out. Iran used this platform to sell oil and buy weapons. With the exchange shut down, it effectively cut off Iran’s war machine.
The attackers, who call themselves “Predatory Sparrows,” claim responsibility. However, the real danger isn’t just to Iran; it may be a “rehearsal” for an attack on China.
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