Data leak
[loss] $22M+
"Indonesian Crypto Exchange Indodax Hacked for $22M; Pauses Activity Before Bigger Hit"
Primary Source ↗Financial Loss
$22.0M
(22,000,000 USD)
Incident Details
The Indonesian Indodax cryptocurrency exchange suffered an exploit that allowed attackers to steal tokens from several of its hot wallets. The firm did not directly acknowledge the theft, instead posting an announcement that they had “discovered a potential security issue” and were “conducting a complete maintenance to ensure the entire system is operating properly”. They reassured customers that their assets were “100% safe”.Indodax’s Instagram account also appeared to be compromised, promoting a suspicious “giveaway”.
Total loss estimated at $22,000,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- Indodax
Timeline
- 2024-09-10 Breach occurred
- 2024-09-10 Publicly disclosed