Indodax, Indonesia’s leading cryptocurrency exchange, has been compromised by hackers in a security breach that resulted in the loss of $22 million worth of digital assets.
Key Details:
- Stolen Crypto: The stolen funds include a significant amount of Shiba Inu (SHIB), the second-largest meme coin, totaling 9 billion tokens.
- Other Affected Currencies: Chainlink (LINK), Tron (TRX), Ethereum (ETH), and even Bitcoin (BTC) were also stolen.
- Exchange’s Response: Indodax assures users they will cover all losses and are currently investigating the incident.
- Potential Hack Target: Security firm SlowMist suggests the hacker may have compromised the withdrawal system, not the hot wallet.
- Possible Past Breach: Rumors circulate that this might not be Indodax’s first security breach, with speculation linking them to a 2018 hack by North Korea’s Lazarus Group.
Shiba Inu Tokens Converted: Analysis by Lookonchain indicates the stolen SHIB tokens have likely been converted into other cryptocurrencies like Bitcoin and Ethereum.
Further Developments:
- The WarizX hacker, known for stealing SHIB tokens previously, has reportedly resurfaced, laundering a significant amount of Ethereum.
- This incident highlights the ongoing challenges of security in the cryptocurrency space.
Stay tuned for further updates on Indodax’s investigation and the evolving situation with stolen cryptocurrencies.
Tags: MEMEs
