Indodax was hacked early Tuesday, resulting in the theft of over $22 million worth of various tokens from their hot wallets, indicating significant security vulnerabilities.
The exchange's announcement about pausing operations for maintenance was overshadowed by suspicious social media activity, including a questionable giveaway on Instagram, hinting at potential ongoing security risks.
Security researchers from Slowmist and CertiK identified that a substantial $14 million of the stolen tokens were from ether (ETH), alongside significant amounts of Tron (TRX) and Bitcoin (BTC).
Despite the breach, Indodax's wallets still hold over $400 million in various tokens, revealing a strong overall asset base, but highlighting the risks associated with centralized exchanges.
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