Heaptalk, Jakarta — Indonesia’s crypto exchange, Indodax, is reportedly being hacked, which has impacted illegal transactions of over US$21 million (around Rp335 billion).
Web3 security company Cyvers Alerts first reported the incident. It revealed that Indodax had observed about 150 suspicious transactions suspected of being part of a hacking operation, with total losses reaching $18.2 million, the Jakartaglobe reported.
“We would like to inform you that our security team has discovered a potential security indication on our platform. We are currently conducting complete maintenance to guarantee the system is operating properly. The Indodax web platform and application will be temporarily inaccessible during this maintenance process. We assure you that your balance remains 100% safe in crypto and Rupiah.” Indodax’s management affirmed on the official website.
In response to the issue, Indodax’s CEO confirmed the incident and that the company is still conducting an in-depth investigation with the forensic team. He emphasized that the maintenance process would not take long and that his party would immediately provide an update if the investigation were complete.
“We appreciate your patience and trust. We are performing this process to ensure the security and comfort of your transactions. We will provide further updates immediately when the investigation is completed,” the management concluded.
Established in 2014, Indodax is a crypto exchange company founded by Oscar Darmawan and William Sutanto. Since its inception, Indodax has served more than 6.5 million members and over 200 crypto assets worldwide with 24-hour price movements. Several crypto categories cover Bitcoin and Ethereum.
Indodax has also seized a license from the Commodity Futures Trading Supervisory Agency (BAPPEBTI). The platform also obtained two international certifications, 9001: 2015 and 27001: 2013, as of 2019, and an ISO certificate, SO 27017: 2015, in July 2021.
