Indonesian Crypto Exchange Indodax Faces Major Security Breach
Wednesday, 11 September 2024, 00:18
Security Breach at Indodax
Indonesian crypto exchange Indodax has been thrust into the limelight due to a significant security breach, leading to an estimated loss of $22 million in various cryptocurrencies. In response to this alarming event, Indodax has temporarily disabled its mobile and web applications to conduct a thorough investigation.
Details of the Incident
- The security breach was first reported on September 1st.
- Users have been advised to not access their accounts until further notice.
- Indodax is collaborating with security experts to assess the situation.
This incident has raised questions regarding the security measures taken by exchanges and highlights the ongoing risks faced by cryptocurrency platforms.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.