Indodax hit by $20.5M exploit, North Korea link suspected

Indodax hit by $20.5M exploit, North Korea link suspected

Indonesian crypto exchange Indodax has reportedly suffered a $20.5 million exploit, according to blockchain security firm Cyvers.
The losses were spread across multiple chains, including a $1.4 million loss in Bitcoin and a $5 million theft on the TRON and Polygon networks. Other impacted blockchains were Optimism and Ethereum, which had over $14 million in losses.
In a Sept. 11 post on X, Indodax confirmed that its team had uncovered a security vulnerability on its platform. However, the company assured users that their “balance remains 100% safe both in crypto and rupiah.”
It added:
“Currently, we are conducting a complete maintenance to ensure the entire system is operating properly. During this maintenance process, the INDODAX web platform and application are temporarily inaccessible.”
In a separate message, the firm warned its users to be wary of phishing links touting fake “INDODAX fund refund invitations or requests for your personal data.”
North Korea links
Yosi Ham

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