WuBlockchain
Indodax has temporarily suspended deposits and withdrawals after detecting increased cyberattack attempts, co-founder and CEO William Sutanto said. The Indonesian exchange is assessing security and applying mitigation measures before restoring services.
Why it matters
The suspension interrupts customer access to deposits and withdrawals at Indonesia's largest cryptocurrency exchange. Sutanto said the move is precautionary and that customer assets remain secure.
Market impact
Indodax said it had detected no unauthorized withdrawals or data breaches. Services will resume once the platform's safety is confirmed.
Frequently asked questions
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Why did Indodax suspend deposits and withdrawals?
Indodax paused both services as a precaution after detecting an increase in cyberattack attempts. The exchange is conducting security assessments and mitigation measures.
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Who announced the Indodax suspension?
William Sutanto, Indodax's co-founder and CEO, said the exchange had temporarily suspended deposits and withdrawals.
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Have unauthorized withdrawals or data breaches been detected?
Sutanto said Indodax had detected no unauthorized withdrawals or data breaches.
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What did Indodax say about customer assets?
Sutanto said customer assets remain secure.
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When will Indodax restore deposits and withdrawals?
Indodax said services will resume once the platform's safety is confirmed.
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