Indodax freezes deposits, withdrawals after cyberattack
7.2 Security Indodax paused deposits and withdrawals after cyberattack attempts. Assets are safe, spot trading is partially available, and security checks are ongoing. No timeline for service resumption yet.
Indodax, Indonesia's largest cryptocurrency exchange, has temporarily suspended deposits and withdrawals of both Indonesian rupiah and digital assets due to a significant rise in cyberattack attempts. The suspension began at 12:24 local time on October 29, 2026, as a precaution to protect client assets. CEO William Sutanto assured users that all assets remain secure, with no unauthorized withdrawals or data breaches detected. While deposit and withdrawal functions are offline, spot trading is still partially accessible, and users can view their account balances. Indodax is conducting comprehensive security assessments and has not provided a timeline for resuming full services. The company promises to keep clients updated through official channels. This incident follows a previous hack in September 2024, when the exchange lost about $20 million, underscoring ongoing security challenges in the crypto sector.
