Indodax, an Indonesian crypto exchange, recently experienced a security breach resulting in a loss of around $22 million in various cryptocurrencies. Following the breach, the exchange disabled its mobile and web applications to conduct an investigation. Several blockchain investigation firms, including PeckShield, Cyvers, and SlowMist, reported that the exchange's hot wallets were targeted by hackers. The stolen funds included Bitcoin, Tronix, Ether, Polygon, and Shiba Inu. Cyvers suspected that the hacker exploited vulnerabilities in the withdrawal system, while SlowMist highlighted suspicious transactions across different networks. Indodax reassured users that their assets were secure and temporarily halted its services. Experts suggested the involvement of North Korea's Lazarus Group in the attack. This incident adds to the growing concerns about cybersecurity in the cryptocurrency industry, with similar attacks targeting exchanges like WazirX in the past. Read more AI-generated news on: https://app.chaingpt.org/news