Indodax suspends deposits and withdrawals as cyberattack attempts increase

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Indodax CEO William Sutanto said the platform has temporarily suspended customers’ Indonesian rupiah and crypto-asset deposits and withdrawals after detecting an increase in cyberattack attempts. The platform said the suspension occurred before any funds flowed out, but has not provided a timeline for resumption. Some users can still view their balances and access the spot market. Indodax lost approximately $20 million in 2024 after its hot wallet was attacked.