Crypto News: Major Hack Targets Indonesian Exchange Indodax with $20 Million Loss
Indodax Hit by $20 Million Hack
On Tuesday, Indonesian crypto exchange Indodax reportedly lost over $20 million to a hack. Blockchain security firm Cyvers detected these unauthorized transactions across multiple networks. Initially, the suspicious activity involved about $14.4 million in assets converted to Ethereum (ETH). However, within a few hours, Cyvers updated its report, confirming that the compromised funds had escalated to over $20 million.
Indodax Hack: Scammers Reportedly Accessed Private Keys
Detailed breakdowns provided by an observer named Tay showed that the stolen assets included:
- 5,204 Ethereum valued at $12.37 million,
- 6.8 million POL tokens worth $2.64 million,
- 16.7 million Tron (TRX) tokens totaling $2.55 million,
- 25.01 Bitcoin (BTC) estimated at $1.44 million,
- Miscellaneous ERC-20 tokens worth $1.2 million,
- 380 ETH on the Optimism network valued at $900,000.
Following this incident, Indodax announced that it was conducting an investigation into the hack.
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.