Leading Indonesian crypto exchange Indodax experienced a security breach, causing it to lose approximately $22 million.
Leading Indonesian crypto exchange Indodax experienced a security breach, causing it to lose approximately $22 million. In response, the platform has disabled its mobile and web applications to investigate the incident and secure its systems.
T blockchain security firms PeckShield, Cyvers, and SlowMist raised alarms about suspicious activity involving Indodax’s hot wallets. The hacker successfully drained large amounts of Bitcoin (BTC), Tron (TRX), Ether (ETH), and Polygon (MATIC), among other tokens.Crypto Exchange Indodax Loses Millions of Dollars in Recent Breach
Following the hack, SlowMist conducted an independent investigation and suggested that the breach may have originated from Indodax’s withdrawal system. This vulnerability likely enabled the hacker to withdraw funds directly from the exchange’s hot wallet.
According to SlowMist, the hacker stole substantial amounts from various blockchains. The stolen funds include over $1.42 million in Bitcoin (BTC), $2.4 million from Tron blockchain tokens, and over $14.6 million in ErC-20 tokens.
The criminal also stole $2.
