🔴 Billions of SHIB Tokens Stolen from Major Exchange!
🔥 Massive Security Breach at Indodax, Indonesia’s Largest Crypto Exchange
Indodax, Indonesia's oldest and largest cryptocurrency exchange, has experienced a major security breach. Approximately $22 million worth of cryptocurrency, including 9 billion SHIB tokens, was stolen in this shocking attack. This incident has raised significant concerns among crypto enthusiasts regarding the safety of their funds. Here’s what we know so far:
🛑 Key Details of the Hack:
💰 Total funds stolen: $22 million
🐕 Stolen SHIB tokens: 9 billion SHIB among the affected assets
📉 Other affected tokens: Bitcoin (BTC), Ethereum (ETH), Tron (TRX), Chainlink (LINK)
🔄 Conversion of stolen funds: The hacker has converted most of the crypto into BTC and ETH
⚙️ Exchange’s Response: William Sutanto, co-founder of Indodax, confirmed that the platform is taking swift action to cover all losses. Investigations are ongoing, with blockchain security firm SlowMist ruling out a hot wallet breach. Instead, the vulnerability may have involved the exchange's withdrawal system.
⚡ Past Breaches and Security Concerns: This is not the first time Indodax has faced a security breach. In 2018, rumors circulated that the exchange was targeted by the North Korean Lazarus Group, resulting in a $25 million loss. Could history be repeating itself?
🔎 Recent Crypto Hacks: In a related incident, the infamous WarizX hacker, who stole $100 million in SHIB tokens, resurfaced recently. He laundered over $30 million worth of ETH in just eight days, underscoring the growing security risks in the crypto space.
🛡️ Stay Safe and Secure! With incidents like this on the rise, it's more important than ever to secure your crypto assets. Always use hardware wallets, enable two-factor authentication (2FA), and remain vigilant to avoid falling victim to similar hacks.
