Source: Nobitex Twitter handle

From the image you can see that the exchange has assured it's clients that they would be compensated through insurance funds and Nobitex resources after investigations has been concluded, so they can only wait

Yes this Nobitex hack where hackers burned stolen cryptocurrency to send political message instead of just stealing it highlights major problem centralized crypto exchanges can be vulnerable. This event like many hacks before it proves that putting your trust in exchanges means your money is on risk from security breaches or even exchange going out of business. It is stark reminder that if you do not control your crypto private keys you do not truly own your coins. That is why keeping your cryptocurrency in non custodial wallet is safest way to protect your investments from hacks and other risks associated with exchanges even though exchanges are convenient for trading.

Hmm at first I thought these are just investors wanting to pump the price of bitcoin. It has been said that burning bitcoin will benefit everyone except for who burned his own bitcoin since it is too valuable but what if it is not your own coin anyway?

But after learning that this involves irani and israeli individuals, the possibility of this being political is very possible.
That is for the exchange to think about. If they really can't, there is nothing else to do but maybe they would have to keep trying or else they might be facing a lawsuit.

You and I know that those funds are as good as lost unless miracle happens, unlike Bybit hack where normal operations were not disrupted and the exchange continued to function. Those that kept their livelihood on such exchanges have my highest sympathy. They would be frustrated like hell.

The hack is yet another reminder of the fact that if it is not your keys, it is surely not your coins. Time shall surely tell how much hope the victims have or if this is yet another exchange collapse we would witness.

It's an act of mere anger, as it seems, because if they were such good hackers, they should have hacked into something that could make the Iranian government lose something, but what they did wouldn't bother the government at all because an exchange will only have funds for their users and itself, and other than the taxes they pay, the government doesn't get a share of their revenue, so it's a loss for the exchange and not the government, and that's why it's evident that the group which did this didn't do it with a purpose but did it out of anger because Iran has been attacking Israel.

It's a good thing that the exchange has made the announcement that users will be compensated for their losses, if any, because a normal user shouldn't pay the price for a platform or service not having good enough security, because if they did, no hacker would have been able to achieve this. So, since the exchange couldn't protect itself very well, they had to pay the price. Now, whether the hackers use that money for something or burn it, they have lost it from their side.

It's the exchange's responsibility to pay up the affected users. Maybe next time they should up their security. Pro-Israeli hackers or terrorists don't really care about who is affected or not. If they can kill innocent people and not bat an eye, then how about just mere hacks.

I believe he was referring to funds in the exchange's cold storage addresses that are in motion, not to funds that were hacked and sent to a "burner" addresses.

While I havent personally come across such reports, I dont think thats strange at all.  Its a pretty standard security measure. After a hack, the first thing anyone with sense does is move all remaining funds from potentially compromised wallets to brand new, secure ones. Its not about the hacked funds themselves, but about protecting whats left and ensuring the attacker cant get it.

Nobitex hackers have already identified as Israeli supporter, and they were doing it as a part of their war with Iran. No monetary purpose involved in this hack, and i think it's pure their intention to help the war against Iran.

They won't care with the money that's burned. However, i feel bad with how innocent people always became the victims.

The good thing Nobitex have money to cover the lost because of this hack.

There was an Iranian based crypto exchange? That’s news. The Israeli hackers probably bribed some of the Iranian employees and that’s how they managed to steal the funds. It is probably not a real “hack”. There are many Iranians who don’t like the current Iranian government and they’ll do anything to take them down, making deals with the Israelis is included.

Like David Mustang said: “A country that’s divided, will surely not stand.” Such a shame though both sides think they are killing on god’s command. And American fools crossed the sea and came to foreign lands. I don’t think they are here to ask the sheep for their beliefs. Are they going to steal Iranian’s btc reserves like how they stole Iraqis gold reserves?

Maybe in the future we’ll have a peaceful world where countries don’t fight over bitcoin.

I have a dream.