Indodax suspends deposits and withdrawals amid increased attack attempts, says no asset or data anomalies found
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AT A GLANCE
Indodax said it had temporarily suspended deposits and withdrawals due to an increase in attempted cyberattacks and was conducting a security assessment.
Article
Indodax suspends deposits and withdrawals after detecting an increase in cyberattacks, saying user assets are secure
BlockBeats reports that October 29, William Sutanto, CEO and co-founder of Indonesian cryptocurrency exchange Indodax, stated that the platform had temporarily suspended deposits and withdrawals as a security measure after detecting an increase in attempted cyberattacks. The team is conducting assessments and mitigation measures, and will resume deposits and withdrawals once security is confirmed.
He stated that user assets are secure, and that no unauthorized withdrawals or data leaks had been detected. The official account subsequently also stated that it was still carrying out system maintenance and regular inspections of deposit and withdrawal services, that user assets remained intact, and that relevant information would continue to be updated through official channels.
Original link https://m.theblockbeats.info/flash/374396
Key points
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Indodax said it detected an increase in attempted cyberattacks.
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The platform has temporarily suspended deposits and withdrawals as a security measure.
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The team is conducting assessments and mitigation efforts and will resume deposits and withdrawals once security is confirmed.
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Indodax CEO and co-founder William Sutanto said that no unauthorized withdrawals or data breaches had been detected.
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The official account said that users’ assets were safe and that it would continue to provide updates through official channels.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The suspension of deposits and withdrawals means that users temporarily cannot deposit assets into or transfer assets out of the platform. The platform said this was a security-check measure and that no unauthorized withdrawals or data breaches had been detected so far.
Why it matters to readers
The suspension of deposits and withdrawals limits the movement of users’ funds; users should monitor when the platform restores services and whether it discloses further security assessment results.
This is a temporary measure that a trading platform may take when facing security risks; it does not mean that asset losses have been confirmed.
Risks and unknowns
The evidence does not specify the particular method of the network attack or the scope of its impact.
The evidence does not provide a specific time for restoring deposits and withdrawals.
The evidence does not include independent technical verification or evidence of subsequent asset losses.
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Deposit
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