Major

Indonesia’s largest cryptocurrency trading exchange, Indodax, <a href="https://x.com/indodax/status/2115676207203446824" rel="noopener noreferrer nofollow">shared</a> on X on Oct. 29 that it has temporarily halted&nbsp;deposits and withdrawals as it conducts service maintenance.
The exchange assured its users that their fiat and crypto balances remain secure throughout the maintenance process.
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 CertiK’s Jason Jiang says every crypto hack can be stopped (4:46)
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Cofounder&nbsp;William Sutanto <a href="https://x.com/WilliamSutanto/status/2115690848650178973" rel="noopener noreferrer nofollow">disclosed</a>&nbsp;that&nbsp;Indodax is taking these security measures because it has detected an increase in cyber attack attempts. The exchange is conducting evaluation and mitigation and has not found any unauthorized withdrawals or data breaches, he added.
Deposits and&nbsp;withdrawals will resume once the crypto exchange's safety is confirmed, Sutanto told users.
In another X post, he <a href="https://x.com/WilliamSutanto/status/2115724927789936977" rel="noopener noreferrer nofollow">said</a>&nbsp;that it is conducting the system recheck as a preventive measure to ensure that its detection system operates in accordance with strict security standards.
All member assets remain intact and secure, and official information will be updated periodically, he stressed.
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Founded in 2014,&nbsp;Indodax is&nbsp;the first and largest trading exchange for buying and selling cryptocurrencies in Indonesia. It <a href="https://indodax.com/academy/en/about-us/" rel="noopener noreferrer nofollow">says</a> it has more than 5 million members, who can buy crypto assets such as Bitcoin (BTC), <a href="https://thestreet.com/crypto/ethereum" rel="noopener noreferrer nofollow">Ether</a> (ETH), and <a href="https://www.thestreet.com/crypto/xrp" rel="noopener noreferrer nofollow">XRP</a>.
Indodax has earned various certifications and permits from Indonesia's Commodity Futures Exchange Supervisory Board and the Ministry of Communication and Information.
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Major exchange suddenly halts withdrawals amid hack risks

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