Indodax, Indonesia’s largest cryptocurrency exchange, was hit by a massive cyber attack on September 11, 2024. It resulted in the loss of $22 million. The attack was aimed at hot wallets, and the attackers made away with BTC, ETH, and TRX, among others. Therefore, Indodax has ceased operations to fix the vulnerability and avoid more…
India, Nigeria, and Indonesia top Chainalysis’ latest global crypto adoption index, which ranks 151 countries based on grassroots cryptocurrency usage, adjusted for population and purchasing power. The report notes strong growth in crypto activity, particularly in lower-income nations. Chainalysis Highlights Global Cryptocurrency Adoption Blockchain data analytics firm Chainalysis published an excerpt from its 2024 Geography…
September 11, 2024 at 11:20 PM GST 2 mins read News Indodax suffered a $20M crypto hack, with funds swapped into Bitcoin, Ethereum, and other major assets. Indodax’s hacker currently holds 5,204 ETH, 25 BTC, and various other assets totaling $20M. Indodax continues to investigate the breach, while conducting maintenance to ensure platform security. Indodax,…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Indonesian cryptocurrency exchange Indodax has reportedly fallen victim to a security breach, leading to significant outflows of digital assets. Blockchain security firms PeckShield and Cyvers Alerts flagged the incident on social media platform X, identifying suspicious transactions across multiple networks. Attack Details According to PeckShield, around $15.7 million in…
Crypto exchange Tokocrypto, a part of Binance Group, has achieved a major milestone by securing the Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti), allowing it to operate as a licensed crypto asset trader. This move highlights Tokocrypto’s commitment to regulatory compliance and strengthens its position in Indonesia’s growing…
Crypto exchange Binance said its subsidiary Tokocrypto has secured a Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti), according to a Sept. 9 statement shared with CryptoSlate. This development positions Tokocrypto as the third exchange in Indonesia to receive the PFAK license. The country currently has 35 prospective crypto…
Bank Indonesia, the Bank of Korea, and South Korea’s Ministry of Economy and Finance have introduced a local currency transaction framework to boost bilateral trade using the rupiah and won. This initiative aims to reduce exchange rate risk and improve transaction efficiency by facilitating direct currency transactions between the two nations, bypassing the need for…
Indonesia may ban Telegram due to accusations of spreading harmful content. A potential ban in India could impact the app’s largest user base. Indonesia is considering banning Telegram due to allegations of spreading pornography and promoting online gambling. According to Demandsage data, Indonesia ranks as the third-largest country in terms of Telegram usage. Budi Arie…
Southeast Asia is increasingly becoming a central financial hub, harbouring great power and prestige. The ASEAN regions are increasingly becoming more successful, inviting foreign influx, and at the same time, have expedited efforts to end their reliance on the US dollar. This has been done while adhering to the multipolar currency narrative and pioneering the…