Jakarta, IndonesiSentinel.com — The head of Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti), Kasan, revealed that a potential Indodax hack has been reported. Indodax, a major crypto exchange in Indonesia, allegedly experienced a breach in its cryptocurrency transaction system.
In response, Indodax has initiated a complete system shutdown to ensure that all operations are secure. Kasan urged Indodax customers to remain calm during this period.
“Bappebti urges the public, especially Indodax customers, to stay calm and not panic,” Kasan said in an official statement on Thursday, September 12, 2024.
Bappebti is actively coordinating with Indodax to gather more information. The crypto exchange is conducting an internal investigation into the alleged Indodax hack to determine the cause and extent of the issue.
Indodax CEO Oscar Darmawan has assured customers that all account balances, both in fiat currency and cryptocurrency, remain unaffected.
“We have verified that all customer balances in Rupiah and crypto assets are safe. Trading balances are also not impacted,” Oscar confirmed to the press on Wednesday.
Oscar further stated that while the investigation continues, there is no evidence of customer losses, and funds are secure. When questioned about potential financial damage, Oscar emphasized that more details would be provided once the investigation is complete.
Earlier reports of the Indodax hack began circulating on social media platform X, courtesy of Web3 security firm Cyvers Alerts. The company highlighted suspicious activity involving Indodax wallets across multiple blockchain networks.
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Cyvers Alerts disclosed that one suspicious wallet had processed $14.4 million in assets and exchanged the funds for Ether. The security firm also detected over 150 questionable transactions, with total estimated losses amounting to $18.2 million, or approximately IDR 280.3 billion at the current exchange rate.
Oscar Darmawan reiterated that despite these alarming figures, Indodax customers’ funds remain safe, and the company is working diligently to resolve the issue. Further updates will follow as the investigation progresses.
(Ray)
