Ethereum

Shiba

Shiba Inu

Chainlink

Spot

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
According to blockchain security firm SlowMist, Indodax, the oldest and largest Indonesian exchange with more than 5 million users, has&nbsp;<a href="https://x.com/SlowMist_Team/status/1833707952353812782">suffered</a> a security breach.
The hacker behind the attack stole a total of $22 million worth of crypto.&nbsp;
Notably, Shiba Inu (SHIB), the second-biggest meme cryptocurrency, was among the affected cryptocurrencies. The bad actor stole a total of 9 billion SHIB tokens.
Chainlink (INK), Tron (TRX), and Ethereum (ETH) are among the other affected tokens.&nbsp;
Bitcoin (BTC), the largest cryptocurrency, also accounts for a substantial portion of the stolen funds.&nbsp;According to analytics platform Lookonchain, the hacker has already converted most of the stolen crypto into several native tokens like Bitcoin and Ethereum. This means that the hacker no longer holds any SHIB tokens.&nbsp;William Sutanto, the co-founder of Indodax, stated that the exchange would be able to cover all the losses stemming from the hacking case. The trading platform is currently in the process of investigating the incident.&nbsp;After analyzing the hacking incident, SlowMist has ruled out the possibility of the hot wallet being compromised. According to the firm, it is possible that the withdrawal system has now been hacked.&nbsp;This is likely not the first time that Indodax has suffered a security breach. Back in 2018, an unnamed Indonesian crypto exchange was hacked by North Korea’s Lazarus Group, losing $25 million. This exchange was rumored to be Indodax.&nbsp;
In other news, the WarizX hacker, who famously stole roughly $100 million SHIB tokens, recently reemerged, laundering more than $30 million worth of ETH in just eight days, according to data&nbsp;<a href="https://x.com/spotonchain/status/1833407741509177617">provided</a> by analytics platform Spot on Chain.&nbsp;

Billions of SHIB Tokens Stolen from Major Exchange

U_Today

Other articles published on Sep 11, 2024

Huma Finance Secures $38 Million to Expand Payment Financing Platform

Standard Chartered Launches Bitcoin and Ethereum Custody Services in UAE, Eyes Global Expansion

Chainlink dominance challenged by Pyth’s 46x growth in 2024

Justin Sun’s SunPump to Initiate "100% On-chain Buyback and Burn Process"

Pavel Durov Criticizes French Authorities Over Telegram Charges, Hints at Market Withdrawals

Samsung Next Invests in Startale Labs, Partner in Sony’s Soneium Blockchain Development

Join our free newsletter for daily crypto updates!