Indodax, one of Indonesia’s largest cryptocurrency exchanges, was hacked, resulting in a loss of $20 million in assets. The hacker quickly converted the stolen funds into various cryptocurrencies.
Currently, the hacker holds 5,584 ETH ($13 million), 6.84 million POL ($2.56 million), 16.7 million TRX ($2.55 million), and 25 BTC ($1.41 million). These assets are spread across Ethereum, Optimism, Polygon, Tron, and Bitcoin networks.
The incident raises concerns about the security of cryptocurrency exchanges. Indodax has yet to release an official statement regarding the breach or recovery efforts.
This hack serves as a reminder for crypto users to ensure their assets are secured with strong measures like two-factor authentication and cold storage.
Read More
