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Home»ADOPTION NEWS»Indonesian Exchange Indodax Faces $15 Million Loss in Apparent Exploitation: PeckShield
ADOPTION NEWS

Indonesian Exchange Indodax Faces $15 Million Loss in Apparent Exploitation: PeckShield

By Crypto FlexsSeptember 11, 20242 Mins Read
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Indonesian Exchange Indodax Faces  Million Loss in Apparent Exploitation: PeckShield
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Company • September 10, 2024 11:36 PM EDT

Posted 1 minute earlier ~ in

Updated: September 11, 2024 1:47 AM EDT

Indonesian cryptocurrency exchange Indodax appears to have experienced an exploit that resulted in losses of around $15.7 million.

Peckshield Wrote Today X announced that it detected a massive cryptocurrency outflow of approximately $15.7 million from Indodax. Cyvers Alerts also Flag is specified The system reportedly identified several suspicious transactions involving Indodax’s wallets across multiple networks. “The suspicious addresses already have $14.4 million in storage and are exchanging tokens for Ether,” Cyvers said.

According to PeckShield, there were approximately 5,204 ETH parked in addresses on Ethereum, approximately 6.8 million POL parked in Polygon, and approximately 380 million ETH parked in Optimism.

In response to the reported security incident, Indodax stated: mail The security team at X has discovered a potential security issue on the platform. Indodax said in a translated post, “We are currently undergoing full maintenance to ensure that the entire system is functioning properly. During this maintenance process, the Indodax web platform and applications will be temporarily inaccessible.”

Indodax claims that customers’ funds are “100% safe” in both crypto and rupiah.

The Indodax team did not immediately respond to The Block’s request for further comment.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, influential and timely information on the cryptocurrency industry. Current financial disclosures are as follows:

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

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