As a seasoned analyst with over two decades of experience in the tech and finance sectors, I have witnessed my fair share of cyberattacks, especially in the rapidly evolving world of cryptocurrency exchanges. The news of Indodax’s alleged attack is concerning, to say the least, considering its significant user base and regulatory compliance.
It appears that the Indonesian cryptocurrency exchange Indodax has fallen victim to a cyberattack. The perpetrator managed to make off with more than $20 million in cryptocurrencies from the platform’s hot wallets.
It is reported that the cryptocurrency trading platform, formerly known as Bitcoin Indonesia and now known as Indodax, has experienced a suspected hack where large amounts of cryptocurrencies (valued in tens of millions of dollars) were taken out of the system by an unidentified party.
🚨Urgent Security Notice from SlowMist🚨
— SlowMist (@SlowMist_Team) September 11, 2024
In a recent post dated September 11th on X, the blockchain analysis firm SlowMist expressed concern that a trading platform may have been compromised, as approximately $22 million worth of tokens were taken from the exchange’s hot wallets by an apparent hacker. Experts at Cyvers, another blockchain forensics company, suggest that the stolen tokens have since been exchanged for Ethereum (ETH), and on-chain data indicates that altcoins have also been converted into TRON (TRX), Polygon (POL), and Bitcoin (BTC).
Hello INDODAX Member,
— indodax (@indodax) September 11, 2024
According to recent updates, Indodax’s official page on X announced a post from their security team, explaining they found a possible security concern on their platform. They are currently performing comprehensive maintenance to make sure everything is running smoothly. Access to the platform has been temporarily halted, but users can rest assured that their balances, whether in crypto or rupiah, remain completely secure. Unfortunately, details about the hack have not been shared yet.
Established in 2014 by Oscar Darmawan and William Sutanto, Indodax has amassed a user base of over 4.3 million registered and authenticated individuals. This platform is not only boasting but also proud to have acquired several certifications and permits from the Commodity Futures Exchange Supervisory Board and the Ministry of Communication and Information Technology of the Republic of Indonesia.
Read More
- Gold Rate Forecast
- Silver Rate Forecast
- PUBG Mobile heads back to Riyadh for EWC 2025
- Honor of Kings returns for the 2025 Esports World Cup with a whopping $3 million prize pool
- Kanye “Ye” West Struggles Through Chaotic, Rain-Soaked Shanghai Concert
- USD CNY PREDICTION
- Arknights celebrates fifth anniversary in style with new limited-time event
- Mech Vs Aliens codes – Currently active promos (June 2025)
- Every Upcoming Zac Efron Movie And TV Show
- Superman: DCU Movie Has Already Broken 3 Box Office Records
2024-09-11 10:30