A group of hackers from North Korea is suspected of having attacked the Indodax server so that the crypto asset trading company’s services have been inaccessible since Wednesday, September 11, 2024. The Indodax security team, which is under the auspices of PT Indodax Nasional Indonesia, found indications of hacking in the form of illegal access and security incidents on the server that caused losses of up to hundreds of billions of rupiah.
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“Based on the analysis of one of the world’s leading crypto security agencies that is currently assisting us, it is indicated that this attack is affiliated with the DPRK (North Korea),” said Indodax CEO Oscar Darmawan, through an official statement quoted from Antara on Saturday, September 14, 2024.
According to Oscar, the hackers from North Korea had previously attacked quite a lot of other global crypto exchanges. They are said to be targeting many crypto exchange service providers with large liquidity and global standards.
Oscar stated that he was working with the cybersecurity unit of the National Police Headquarters Criminal Investigation Agency to handle this incident. Coordination was also carried out with the Commodity Futures Trading Supervisory Agency (Bappebti) and the Financial Services Authority (OJK).
“We realize that this is a serious global threat, therefore we have coordinated to handle this incident quickly and effectively,” said Oscar.
Indodax members and investors must be patient to see the fate of their assets. Indodax management, which trades Bitcoin and other cryptocurrencies, took several days to close the hacking gap before reopening. At least until Saturday morning, Indodax services were still inaccessible.
Even so, Oscar ensured that user assets remained safe. Indodax, he said, had taken strict security measures to ensure that no member funds were affected by this attack. “The balance of crypto assets and rupiah in Indodax accounts remains 100 percent safe,” he said. “The entire balance and asset checking process has been completed and everything is safe.”
According to Oscar, the total crypto assets managed by Indodax currently amount to more than IDR 11.5 trillion. The value of the crypto assets is greater than the amount of 100 percent of member balance assets. That way, member balances are guaranteed to be safe. “After the maintenance is opened, the Indodax system will return to normal operations,” said Oscar. “Indodax apologizes profusely for this incident.”