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Indonesian Crypto Exchange Indodax Halts Operations After $22M Hack

Scott Liu

Summary: Indonesian crypto exchange Indodax has temporarily gone offline following a suspected hack that resulted in the loss of around $22 million in cryptocurrencies, including Bitcoin, Ether, TRX, and MATIC. Blockchain security firms such as PeckShield and Cyvers flagged the attack, identifying a breach in Indodax’s hot wallets. The stolen funds were reportedly swapped into Ether, ...

Indonesian crypto exchange Indodax has temporarily gone offline following a suspected hack that resulted in the loss of around $22 million in cryptocurrencies, including Bitcoin, Ether, TRX, and MATIC. Blockchain security firms such as PeckShield and Cyvers flagged the attack, identifying a breach in Indodax’s hot wallets. The stolen funds were reportedly swapped into Ether, and experts suspect North Korea’s Lazarus Group may be behind the incident. Indodax has since disabled its platform for maintenance and assured users that their remaining assets are secure.

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