Data leak [loss] $22M+

"Indonesian Crypto Exchange Indodax Hacked for $22M; Pauses Activity Before Bigger Hit"

2024-09-10 [vendor] Indodax
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

  1. 2024-09-10 Breach occurred
  2. 2024-09-10 Publicly disclosed