Discord Confidentially Files for U.S. IPO, Signaling Major Milestone 
Ford Targets Level 3 Autonomous Driving by 2028 with New EV Platform and AI Innovations 
Trump Considers Starlink to Restore Internet Access in Iran Amid Protests 
Supreme Court to Hear Cisco Appeal on Alien Tort Statute and Human Rights Liability 
Bitcoin Dips Below $90K on Minor ETF Outflow – Bearish Signals Dominate, But Buy-the-Dip Setup Targets $100K 
Intel Unveils Panther Lake AI Laptop Chips at CES 2025, Marking Major 18A Manufacturing Milestone 
FCC Exempts Select Foreign-Made Drones From U.S. Import Ban Until 2026 
NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern 
Chevron Seeks Expanded U.S. License to Boost Venezuelan Oil Exports Amid Sanctions Talks 
Elon Musk Says X Will Open-Source Its Algorithm Amid EU Scrutiny 
xAI Cash Burn Highlights the High Cost of Competing in Generative AI 
Nvidia Appoints Former Google Executive Alison Wagonfeld as First Chief Marketing Officer 
Indodax, Indonesia’s top crypto exchange, has gone offline following a $22 million hack, sparking an immediate investigation into the breach that compromised hot wallets across several blockchain networks.
Indodax Suffers $22M Crypto Hack
After losing almost $22 million in several cryptocurrencies, the Indonesian crypto exchange Indodax stopped its web and mobile apps to investigate the hack.
Several blockchain research companies, including PeckShield, SlowMist, and Cyvers, issued an alarm on September 11th about a potential assault on Indodax's hot wallets. According to Cointelegraph, the hacker made off with substantial sums of tokens like Bitcoin, Tron, Ether, and Polygon.
According to SlowMist's analysis, the hacker was able to access the exchange's hot wallet and remove funds through a hole in Indodax's withdrawal system. However, Cyvers thought the signature machine and other systems were compromised.
The hacker made off with over $1.42 million worth of Bitcoin, $2.4 million worth of Tron tokens, over $14.6 million worth of ERC-20 tokens, $2.58 million worth of POL, and $0.9 million worth of ETH off the Optimism blockchain.
Hacker Converts Stolen Tokens to Ether
According to Cyvers' assessment, the hacker began exchanging the tokens for Ether after detecting over 150 suspicious transactions across various networks. Hackers utilize crypto mixing services like Tornado Cash to secretly steal the wealth after converting it to ETH.
Indodax quickly recognized the attack and alerted users about the temporary stoppage of services shortly after the breach warnings. A statement from the firm read:
“Currently, we are conducting a complete maintenance to ensure the entire system is operating properly. During this maintenance process, the INDODAX web platform and application are temporarily inaccessible.”
Nevertheless, the cryptocurrency exchange provided investors with reassurance over the security of their crypto holdings.
Lazarus Group Suspected in Indodax Hack
Yosi Hammer, Cyvers's head of AI, has reason to believe that the notorious Lazarus organization—a group associated with North Korea—is involved. He stated to BSCN:
“The pattern and the characteristics of the (Indodax) attack highly resemble those of North Korea’s Lazarus Group.”
Indodax has $369 million in reserves, which could be used to compensate investors for their losses, according to statistics from CoinMarketCap.
