Indodax Halts Crypto Withdrawals Amid Rising Cyberattack Attempts

Indodax suspended cryptocurrency and rupiah deposits and withdrawals on October 29 after detecting increased cyberattack attempts. CEO William Sutanto says customer assets remain secure, with no unauthorized withdrawals or data breaches detected. The exchange has not announced when transfers will resume, leaving customers waiting for the outcome of its security review. Indonesia’s largest cryptocurrency exchange, Indodax, suspended rupiah and cryptocurrency deposits and withdrawals on October 29 following an increase in cyberattack attempts. Co-founder and CEO William Sutanto described the shutdown as a precautionary measure, saying customer assets remain secure and no data breach has been detected.