Indonesian Crypto Exchange Indodax Suffers Security Breach

Indonesian crypto exchange Indodax says it “discovered a potential security issue on our platform” and is carrying out a system maintenance.

• The statement came after security firms flagged suspicious outflows from the platform on social media platform X
  • PeckShield flagged an outflow of crypto worth $15.7 million
• Indodax assured customers that their balances were safe
• Indian crypto exchange WazirX and Japan’s DMM Bitcoin were hacked earlier this year, resulting in losses worth hundreds of millions of dollars
• Read more: Crypto Hacks Double to $1.6 Billion as Prices Jump, Report Shows

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Sidhartha Shukla in ...