Krutika Adani
Multiple wallets of the Indodax exchange were drained for over $22 million worth of crypto on Monday.
The hack resulted in a loss of $22 million in crypto, which was mostly comprised of $14 million ETH, $2.5 million TRX, $1.4 million BTC, and $2.5 million MATIC with a few other assets.
To limit the spread of the hack, the exchange paused all its activities, stopping any further losses.
As reported by Arkham Intelligence, due to the timely intervention, Indodax still holds over $400 million in assets.
Indodax is a local crypto exchange focused on Indonesia. The crypto security firm Certified (cer.live) ranked it as an exchange with medium safety.