JUST IN: Another Cryptocurrency Exchange Hacked, Large Amount of Altcoins Stolen

by Norberto Parisian

Indodax, one of Indonesia’s biggest centralized cryptocurrency exchanges, has fallen sufferer to a major security breach.

Hackers took over the platform and stole roughly $14.4 million worth of cryptocurrencies. The stolen funds are now being traced to a suspicious address the put the tokens were fast transformed to Ethereum (ETH).

Major tokens such as Optimism (OP) and Polygon (POL) were struggling from the hack.

Up to now, no assertion has been launched referring to the incident thru the first price channels of the cryptocurrency alternate.

Alternatively, it turned into observed that the hacker utilized a tactic to prevent arbitrage merchants from gaining a probability when converting the funds in search files from into Ethereum.

The scale of the hacking incident would possibly maybe well amplify in the approaching hours. As Bitcoinsistemi.com, we can proceed to reveal you of the trends.

*That is no longer investment advice.

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