Anand Sinha
2 min read
Iran strikes Israeli stock exchange in blow to financial hub originally appeared on TheStreet.
Iran escalated the cost of war for Israel as Iranian missiles struck the Tel Aviv Stock Exchange building located in the Ramat Gan area in Tel Aviv on June 19.
The Israeli stock exchange lies at the heart of the country's economy, where traders can deal in stocks, bonds, mutual funds, etc.
The attack comes only a day after a hacking group linked to Israel, Gonjeshke Darande or Predatory Sparrow, claimed responsibility for attacking the largest crypto exchange in Iran, Nobitex. The cyberattack led to a loss of more than $90 million.
Earlier, the group also claimed an attack on the data belonging to the Islamic Revolutionary Guard Corps’ “Bank Sepah.”
While Israel has a well-connected and highly developed modern economy, the Iranian economy has continued to reel under the effect of global sanctions.
As reported earlier, Iran has often relied on crypto for years now as a source of combating economic isolation. The country is also a major hub of crypto mining operations, thanks to its comparatively lower power rates.
Finance continues to remain among the most prominent targets in any war, and the Israel-Iran war has proved to be no exception so far.
The total crypto market cap has dipped 3% to $3.25 trillion since the latest war began in the Middle East on June 13.
As per Kraken, Bitcoin has also declined more than 3% in value since then to trade at $104,803.18 at press time. Ethereum, on the other hand, has slipped around 8% during the period and was trading at $2,524.82 at press time.
Iran strikes Israeli stock exchange in blow to financial hub first appeared on TheStreet on Jun 19, 2025
This story was originally reported by TheStreet on Jun 19, 2025, where it first appeared.
