Iran International:

Israel-backed hackers wiped out $90 million in Revolutionary Guards crypto wallets during last month's war, calling it a landmark campaign to cripple Iran’s financial backbone, The Wall Street Journal reported.

Predatory Sparrow, the group believed to be aligned with Israeli intelligence, demonstrated “surgical precision and total freedom of access,” erasing data and destroying wallets linked to the Islamic Revolutionary Guards Corps (IRGC), according to a report published Sunday.

By targeting Bank Sepah—the Guards’ central financial institution—hackers rendered Iran’s military payroll inoperative and triggered cascading disruptions. “Automated teller machines went dark, and online and in-branch services shut down,” the report said. “Salary and pension payments halted.”

The hackers also penetrated Nobitex, Iran’s dominant cryptocurrency exchange, extracting and burning stablecoins tied to IRGC operational funds.

Nearly 90 percent of the country’s crypto transactions pass through Nobitex, and the group extracted approximately $90 million in stablecoins linked to IRGC funds. These were then burned by transferring them to inaccessible blockchain addresses, permanently removing them from circulation.

“Predatory Sparrow reportedly extracted $90 million from wallets linked to the Islamic Revolutionary Guard Corps, then burned the assets by transferring the funds to addresses where they could not be retrieved, thereby permanently removing them from circulation,” the article said.

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