đš Indodax Hack: A Costly Reminder of Exchange Vulnerabilities
Indonesiaâs largest cryptocurrency exchange, Indodax, was hacked, resulting in the loss of $22 million in
$BTC $ETH $TRX and other cryptocurrencies. The breach, which targeted vulnerabilities in the withdrawal system, has led to a suspension of operations while the incident is investigated.
đ What we can learn from this:
đĄCentralized exchanges, with their use of hot wallets, remain attractive targets for hackers.
đĄSelf-custody and cold wallets are safer options for long-term cryptocurrency storage.
đĄâNot your keys, not your crypto.â
#Indodax #IndodaxHack #HackerAlert #ExchangeIndonesia