Key Takeaways:
- Indodax suffered a security breach, losing over $22 million in tokens, primarily from its hot wallets.
- The hack affected a small portion of the exchange’s total assets, valued at $400 million.
- Users faced access issues, and suspicious activity on social media raised concerns of further compromise.
Indodax, a prominent Indonesian crypto exchange, suffered a major security breach, resulting in the theft of over $22 million worth of tokens.
The exchange initially paused operations, citing “maintenance,” but suspicious social media activity suggested additional issues.
Indodax(@indodax) was hacked for $22M 10 hours ago, including:
— Lookonchain (@lookonchain) September 11, 2024
6.14M $USDT;
1,047 $ETH($2.48M);
25 $BTC ($1.41M);
2.2M $MATIC($849K);
1.4M $ARB($749.6K);
2M $ENA($465K);
…
The hacker has converted most of the stolen assets into native tokens and currently holds:
5584… pic.twitter.com/mX2wmj75k7
Security researchers revealed that the attack primarily targeted Indodax’s hot wallets, stealing over $14 million in Ether (ETH), $2.4 million in Tron (TRX), $1.4 million in Bitcoin (BTC), and $2.5 million in Polygon (MATIC), alongside smaller token amounts.
Despite this, the stolen funds represent a small portion of Indodax’s $400 million total assets.
Indodax acknowledged the hack on its X account but has yet to provide full details.
Halo Member INDODAX,
— indodax (@indodax) September 11, 2024
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
Some users reported being unable to access their wallets, adding to concerns.
Additionally, a “giveaway” post on the company’s Instagram raised fears that their social media accounts may have been compromised.
Indodax is still investigating the breach, which occurred against a backdrop of high trading volumes and increasing security concerns in the crypto space.
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