2025-02-06
RakeshKrish
BABUK RANSOMWARE: A VICTIM OF INDODAX HACK
#Cryptocurrency
#Indodax2
Indodax#2
#Indodax2
- Reported: 2024-09
- Locations: Indonesia
- Motivations: #FinancialGain
- Sectors: #Cryptocurrency
Summary
On September 10, 2024, Indonesia's largest crypto exchange, Indodax, lost over $25 million in a sophisticated hack. Attackers exploited the exchange's withdrawal system, siphoning funds across multiple blockchains, including Ethereum, Bitcoin, Polygon, and Tron. While the exact identity of the attackers remains uncertain, some experts suspect the involvement of North Korea's Lazarus Group. Indodax assured users that their funds were safe, despite the breach. The stolen assets were redistributed through various wallets, but the exchange still holds over $400 million in other assets.