Indonesian crypto exchange Indodax has incurred substantial financial losses up to $15 million due to a recent cyberattack. The site encountered a substantial capital outflow, amounting to around $15.7 million, distributed across other blockchain networks, such as Ethereum, Polygon, and Optimism.
The misappropriated assets are currently stored in designated addresses throughout various networks, with Ethereum possessing approximately 5,204.3 ETH, Polygon holding 6,843,716.17 POL, and Optimism containing over 380 ETH.
SpotonChain offers further analysis, indicating that the overall loss may amount to $20 million. The hacker swiftly transformed the majority of the stolen assets into native crypto, possessing 5,584 ETH, approximately valued at $13 million, allocated between Ethereum and Optimism.
On the Tron network, 16.7 million TRX, approximately valued at $2.55 million, and 25 BTC, estimated at around $1.41 million, were misappropriated.
The assault has elicited apprehensions regarding the security protocols utilized by bitcoin exchanges and the swift conversion and dissemination of misappropriated assets, underscoring weaknesses within the crypto domain. Indodax is anticipated to adopt improved security protocols to avert comparable occurrences in the future.
