Indodax, Indonesia's oldest and largest cryptocurrency exchange, has experienced a significant security breach. The breach resulted in the theft of approximately $22 million worth of digital assets. Indodax, which serves more than 5 million users, is now facing the fallout from this attack.
The hacker engaged in the breach successfully exploited several cryptocurrencies available on the platform. The exploit also impacted the second most popular meme coin Shiba Inu (SHIB). A total of 9 billion SHIB tokens were stolen by the attacker, which has raised concern among the platform users and other cryptocurrency community members.
A Major Setback for Indodax Users
Such an incident has frightened several Indodax users by raising concerns about the security of their funds. Indodax, one of Indonesia's popular crypto exchanges, has always been in high regard from its users, making this incident alarming. The exchange has not provided further explanations or disclosed how the hacker obtained the information on the platform or the weaknesses exploited in this attack.
Apart from Shiba Inu, the hacker is said to have stolen other tokens including Bitcoin (BTC), Ethereum (ETH), and Tron (TRX). Indodax is also yet to confirm the extent of the damage.
The post "Indodax Exchange Suffers $22 Million Security Breach, 9 Billion SHIB Stolen" first appeared on 36crypto.com News.
