Featured categories

Quick Links

Indodax Exchange Hacked: Over $20 Million Stolen in Cyberattack

Indodax Exchange Faces Hacker Attack, Over $20 Million Stolen

Indodax, a prominent cryptocurrency exchange based in Indonesia, fell victim to a hacker attack in the early hours of today. According to blockchain security firm Slowmist, unauthorized transactions were detected in Indodax’s hot wallet, with an estimated loss exceeding $22 million. Cybersecurity researcher Tay (@tayvano) reported that the stolen assets include 5,204 ETH (worth $12.37 million), 6.8 million POL tokens (valued at $2.64 million), 16.7 million TRX tokens (equivalent to $2.55 million), 25.01 BTC (approximately $1.44 million), various ERC-20 tokens ($1.2 million), and 380 ETH on the Optimism network (valued at $900,000).

indodax appears to have contained the worst of the damage *knocks on wood* Sept 10, 2024, 19:04 UTC – 22:11 UTC $21.1m stolen methodical 25.01 btc – $1.44m bc1q5uqpn0ha5llrvhcvkq3nfalp8fj7qe3rydcvmf 16.7m trx – $2.55m TBooefeY6FvGuyKfvp5yE1HmzhzvXnvA1P Misc erc-20s on ethereum… pic.twitter.com/bDyEwJ4uEN — Tay 💖 (@tayvano_) September 11, 2024

Following the news, Indodax took to social platform X to announce that their security team had identified potential security issues on the platform. They are currently undergoing comprehensive maintenance to ensure the system operates smoothly. During this period, both the Indodax website and app are inaccessible, with assurances that user funds and assets are 100% secure.

Halo Member INDODAX, Kami ingin menginformasikan bahwa team security kami menemukan potensi indikasi keamanan pada platform kami. Saat ini, kami sedang melakukan pemeliharaan menyeluruh untuk memastikan seluruh sistem beroperasi dengan baik. Selama proses pemeliharaan ini,… pic.twitter.com/kYAc6ilERF — indodax (@indodax) September 11, 2024

Indodax – A Brief Overview

Established in 2014, Indodax is a centralized cryptocurrency exchange catering primarily to the Indonesian market. According to CoinGecko data, the platform’s trading volume in the last 24 hours amounted to approximately $11 million.

Disclaimer: The information provided in this article is for informational purposes only. All content and opinions are for reference and should not be considered investment advice. They do not represent the views or stance of the platform. Investors are advised to make their own decisions and trades. The author and platform do not take any responsibility for direct or indirect losses incurred by investors.

Further Reading

Check out recent positions of major players in the cryptocurrency space: “Vitalik Buterin” sees a $350 million wealth shrinkage, TRX surges aiding Justin Sun to outpace BTC. Singapore amends laws to allow “cashless betting” in casinos, mitigating money laundering risks, and the debate on “banning cryptocurrencies.”

RELATED ARTICLE

Recommended Readings by Crypto Pie

Featured categories

Quick Links