2024

Internet Computer

Millions

Polygon

Spot

<p><a href="https://captainaltcoin.com/indodax-review/" target="_blank" rel="noopener noreferrer nofollow">The most popular Indonesian exchange, Indodax</a>, was hacked this morning, with SpotOnChain being one of the first to report this on Twitter.</p>
<p>According to SpotOnChain’s report, the Indonesian exchange Indodax fell victim to a significant security breach approximately 9 hours ago, resulting in a staggering loss of $20 million. The hacker has already swapped most of the stolen assets to native cryptocurrencies, currently holding:</p>
<ul class="wp-block-list">
 <li>5,584 ETH ($13M) on Ethereum and Optimism</li>
 <li>6.84M POL, also known as MATIC ($2.56M) on Polygon</li>
 <li>16.7M TRX ($2.55M) on Tron</li>
 <li>25 BTC ($1.41M)</li>
</ul>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> The Indonesian exchange <a href="https://twitter.com/indodax?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@indodax</a> was hacked for $20M ~9 hours ago!<br><br>So far, the hacker has swapped most of the stolen assets to native cryptocurrencies and currently holds:<br>• 5,584 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> ($13M) on <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ethereum</a> and <a href="https://twitter.com/hashtag/Optimism?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Optimism</a><br>• 6.84M <a href="https://twitter.com/search?q=%24POL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$POL</a> aka <a href="https://twitter.com/search?q=%24MATIC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MATIC</a> ($2.56M) on <a href="https://twitter.com/hashtag/Polygon?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Polygon</a><br>• 16.7M… <a href="https://t.co/G57jWJN0eL" target="_blank" rel="noopener noreferrer nofollow">https://t.co/G57jWJN0eL</a> <a href="https://t.co/9DTTLG9hFa" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/9DTTLG9hFa</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1833730842939765152?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 11, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>This incident highlights the potential vulnerabilities of centralized exchanges like Indodax. Unlike decentralized exchanges (DEXes), which operate on blockchain technology and don’t hold user funds, centralized exchanges store user assets in their own wallets. This centralization can make them attractive targets for hackers.</p>
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<p>Centralized exchanges do often offer more user-friendly interfaces and higher liquidity, but they may be less secure than their decentralized counterparts. DEXes, by nature of their architecture, distribute risk and reduce the impact of single-point failures.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/why-is-internet-computer-icp-price-pumping/" target="_blank" rel="noopener noreferrer nofollow">Why Is Internet Computer (ICP) Price Pumping?</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/indodax-exchange-hacked-millions-stolen-in-polygon-matic-and-tron-trx/" rel="noopener noreferrer nofollow">Indodax Exchange Hacked! Millions Stolen in Polygon (MATIC) and Tron (TRX)</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Indodax Exchange Hacked! Millions Stolen in Polygon (MATIC) and Tron (TRX)

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