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Israel-Iran conflict: Hackers say they wiped out $90 million from Iran cryptocurrency exchange

Economic Times

Economic Times · 2m ago

Israel-Iran conflict: Hackers say they wiped out $90 million from Iran cryptocurrency exchange

Hackers linked to Israel reportedly drained over $90 million from Iran's largest cryptocurrency exchange, Nobitex. The group, Gonjeshke Darande, leaked Nobitex's source code and transferred funds to addresses with messages critical of Iran’s Revolutionary Guard. The attack, claimed as politically motivated, criticized Nobitex for aiding Iran in evading sanctions. This incident comes amid rising Israel-Iran tensions, with history of cyberattacks from Gonjeshke Darande targeting Iranian infrastructure.

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Israel-tied Predatory Sparrow hackers are waging cyberwar on Iran’s financial system

Arstechnica

Arstechnica · 2m ago

Israel-tied Predatory Sparrow hackers are waging cyberwar on Iran’s financial system

Predatory Sparrow, linked to Israel, has intensified its cyberwar on Iran by targeting its financial systems. The group recently destroyed over $90 million in crypto assets held by Iran's Nobitex exchange, accusing it of aiding sanctions violations. They also attacked Sepah Bank, claiming to have erased its data due to alleged connections with Iran’s military. These attacks aim to undermine Iran's financial stability, despite causing collateral damage to civilians' access to funds.

Basmati prices may soften soon amid Israel-Iran conflict

Economic Times

Economic Times · 2m ago

Basmati prices may soften soon amid Israel-Iran conflict

Basmati rice prices, having risen 15-20% recently due to increased exports, may decline as exports to Iran could reduce amid its conflict with Israel. Previously, major West Asian countries, including Iran, increased their purchases when prices dropped to ₹75-90/kg. Export prices have recently decreased slightly to $900-950/tonne. Concerns remain about shipments and payment dues, with outstanding dues in Basmati trade with Iran usually at ₹1,000-1,200 crore. Future prices depend on geopolitical developments.

Israel-Iran conflict in 'decisive phase' after US strikes, say experts

Economic Times

Economic Times · 2m ago

Israel-Iran conflict in 'decisive phase' after US strikes, say experts

The Israel-Iran conflict has escalated into a decisive phase after the US bombed three major Iranian nuclear sites. Experts critique the US involvement, saying it exacerbates tensions rather than stabilizing the situation. Concerns rise over potential retaliatory actions from Iran, such as closing the Strait of Hormuz, which could heavily impact global and Indian economies through disrupted oil supplies and rising prices. The situation endangers regional stability and presents diplomatic challenges for India.

CoinEx invites hackers to negotiate after suffering data breach

Economic Times

Economic Times · 1y ago

CoinEx invites hackers to negotiate after suffering data breach

Global cryptocurrency exchange CoinEx, which recently experienced a data breach, has reached out to the hackers and offered a generous bounty reward if they return the stolen assets. CoinEx identified the hackers as the North Korean-sponsored Lazarus Group. The company stated that the incident served as a lesson and has prompted it to increase its focus on asset security. CoinEx has invited the hackers to communicate and negotiate through official channels and has even offered them the opportunity to work on security upgrades. The total amount stolen is still being calculated, but it is estimated to be around $70 million.

Iran-Israel conflict swells again: 4 films to watch that decode the rivalry

Economic Times

Economic Times · 2m ago

Iran-Israel conflict swells again: 4 films to watch that decode the rivalry

Israel and Iran's conflict escalated as Israel targeted Iranian air-defense sites to weaken Tehran’s missile capabilities, prompting threats of a stronger response from Iran. The enduring rivalry, fueled by decades of proxy confrontations, is explored through films like "Atomic Falafel," "Rita Jahan Foruz," "One Wish for Iran, Love Israel," and "The Impossible Spy." These films offer insights into the geopolitical and cultural complexities of the conflict, highlighting human stories amidst the tensions.

Iran-Israel war escalation to impact India' s trade with West Asia, say experts

Economic Times

Economic Times · 2m ago

Iran-Israel war escalation to impact India' s trade with West Asia, say experts

The escalation of the Iran-Israel conflict poses significant threats to India's trade with West Asian countries. Experts highlight potential disruptions to shipping routes, like the Strait of Hormuz, crucial for India's crude oil imports. This could drive up oil prices and impact inflation. Key Indian exports, including agricultural goods to Iran, may suffer due to strained payment channels and heightened shipping risks. India's broader trade with the region faces risks from the evolving geopolitical tensions.

Iran says 'all options on the table' in case of US intervention

Economic Times

Economic Times · 2m ago

Iran says 'all options on the table' in case of US intervention

Iran has warned the United States against intervening in support of Israel, with Deputy Foreign Minister Kazem Gharibabadi stating that Iran is prepared to defend itself if necessary. The warning reflects tensions due to a potential US involvement in the Israeli conflict. Iran emphasizes its readiness to act, with military decision-makers having all options available. This comes amid heightened geopolitical tensions in the region involving Iran, the US, and Israel.

Ajit Ranade: West Asia’s upheaval intensifies India’s challenges of geopolitics

Livemint

Livemint · 2m ago

Ajit Ranade: West Asia’s upheaval intensifies India’s challenges of geopolitics

The escalating Israel-Iran conflict intensifies geopolitical challenges for India, notably impacting oil stability and global trade dynamics. This turmoil presents an opportunity for India to diversify its trade policies to strengthen its economy. The conflict escalated when Israel launched unexpected attacks on Iran, targeting nuclear facilities and key figures, due to perceived existential threats posed by Iran's advancing nuclear capabilities. This tension increases complexities for New Delhi amidst global economic instability.

'I gave Iran chance after chance to make a deal': Trump warns Iran to act quickly, urges end to violence amid Israel conflict

Economic Times

Economic Times · 2m ago

'I gave Iran chance after chance to make a deal': Trump warns Iran to act quickly, urges end to violence amid Israel conflict

Former U.S. President Donald Trump warned Iran to make a deal amid rising tensions with Israel, following Israeli airstrikes in Iran. He stressed urgency, stating that a deal should be made before further destruction occurs. His comments preceded scheduled talks between Iran and the U.S. in Oman regarding Iran's nuclear program. The conflict involves longstanding hostilities between Israel and Iran, further intensified since the 2023 Gaza war began. Trump ended his statement urging for peace.

WhatsApp 'concerned' services to be blocked after Iran calls to delete app

Economic Times

Economic Times · 2m ago

WhatsApp 'concerned' services to be blocked after Iran calls to delete app

WhatsApp expressed concern over potential blockage in Iran after state TV urged deleting the app, alleging data sharing with Israel. Iran banned internet-fueled apps amidst conflict with Israel, claiming security threats. WhatsApp refuted allegations, emphasizing end-to-end encryption and lack of personal data tracking or government data provision. Amid ongoing tensions and protests, Iran imposed internet restrictions and advised minimal online equipment use for public safety, affecting accessibility of services and apps.

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