Indonesia’s largest crypto exchange halts over third security scare in two years

Indodax has paused processing customer deposits and withdrawals, according to CEO William Sutanto, as of this morning. The service halt was initiated as a precaution after Indonesia’s largest crypto exchange noticed a spike in cyberattack attempts. The CEO quickly moved to calm the pressure, stressing that customer funds are safe. What Indodax’s CEO told users CEO Sutanto wrote on X in a post that translates as “Indodax is temporarily suspending deposits and withdrawals as a security measure because we have detected an increase in cyber attack attempts.” The CEO apologized for the inconvenience and promised that “Deposits and withdrawals will be reopened once safety is confirmed.” According to reports, both rupiah and crypto transfers stopped being processed on Indodax around 05:24 UTC, which is 12:24 local time in Indonesia .

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