Indodax Cyber Attack: $22 Million Hacked by Lazarus Group
Details of the Indodax Hack
Indodax, a leading cryptocurrency exchange in Indonesia, was hacked for $22 million. Reports suggest that the attack was executed by the Lazarus Group, a cybercrime organization linked to North Korea. This breach raises concerns over the security protocols employed by cryptocurrency exchanges.
The Impact on Users
The hack has resulted in significant turmoil for users. Many are left uncertain about the security of their funds. Indodax has assured its users that investigations are actively underway to resolve the situation and recover lost assets.
Urgent Investigation
Authorities and cybersecurity experts are working around the clock to understand the mechanics of the breach. It’s essential for exchanges like Indodax to enhance their security measures in light of this attack.
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.