Following a recent FBI warning about rising cryptocurrency-related cyberattacks, Indonesian crypto exchange Indodax has reportedly fallen victim to a major hack. The Bali-based exchange, operational for a decade, experienced a breach on Wednesday, with hackers allegedly making off with approximately $22 million (around ₹184 crore) in various digital assets, including Bitcoin, Tron, Ether, Polygon, Tether, Shiba Inu, and Uniswap. Blockchain security firm SlowMist reports the stolen amount to be roughly $21.95 million (₹184.3 crore).
According to SlowMist’s analysis shared on X (formerly Twitter), the hackers exploited several internet-connected hot wallets to execute the theft. Following the breach, Indodax took to X to address the issue, stating, “Our security team has discovered a potential security issue on our platform. But don’t worry, we can assure you that your balance remains 100 percent safe both in crypto and rupiah.”
The exchange has since suspended all services and is conducting an internal audit to ensure the safety and integrity of transactions. “We are performing this process to secure your transactions and comfort. We will provide further updates once the investigation is complete,” Indodax added.
According to research platform Arkham, Indodax’s total crypto holdings amount to approximately $408 million (around ₹3,426 crore), meaning the stolen funds represent a relatively small fraction of its assets.
The breach comes on the heels of a warning from the FBI about sophisticated North Korean hackers targeting the crypto sector. In July, Indian crypto exchange WazirX also suffered a significant hack, with $230 million (about ₹1,900 crore) stolen. Although WazirX has not identified the perpetrators, its co-founder Nischal Shetty noted that the attack bore similarities to those conducted by North Korea’s notorious Lazarus Group.
