Indodax, Indonesia’s largest cryptocurrency exchange, announced that it had temporarily suspended deposits and withdrawals due to an increase in cyberattack attempts.
According to a statement reported by Wu Blockchain, Indodax co-founder and CEO William Sutanto said the decision was taken as a precaution to protect users. Following the detected attack attempts, the platform’s security team is conducting security assessments and working to mitigate risks.
CEO: No unauthorized withdrawals or data breaches detected
Sutanto said that customer assets are safe. According to the CEO, no unauthorized withdrawals or data breaches have been detected so far.
Deposit and withdrawal services are expected to resume once the platform’s security has been confirmed. However, no specific date has been given for when transactions will resume.
Not investment advice.