Indonesian crypto exchange Indodax goes offline after suspected $22M hack
2024-09-11

Indonesian crypto exchange Indodax suffered a loss of approximately $22 million in various cryptocurrencies and has since disabled its mobile and web applications to investigate the breach.
On Sept. 11, multiple blockchain investigation firms, including PeckShield, Cyvers and SlowMist, alerted against an attack on Indodax’s hot wallets. The hacker stole large amounts of Bitcoin BTCUSD, Tron TRXUSD, Ether ETHUSD, Polygon MATICUSD and Optimism (OP).Cointelegraph
SlowMist’s independent investigation suggested a breach in Indodax’s withdrawal system, which allowed the hacker to withdraw funds from Indodax exchange’s hot wallet.
This is a developing story, and further information will be added as it becomes available.