Jakarta (ANTARA) - A North Korea-affiliated actor has been identified as the likely culprit in the hacking of Indonesian cryptocurrency exchange service platform Indodax, which has left its users unable to access their crypto assets since September 11, 2024. "An analysis conducted by a crypto security agency helping us right now indicated that the attack was (perpetrated) by an actor affiliated to the DPRK (Democratic People's Republic of Korea)," Indodax CEO Oscar Darmawan said in a written statement received on Saturday.

He informed that the Indodax cybersecurity team found signs of unauthorized access and security lapses, which caused potential losses of up to several hundred billions of rupiahs.

He said that North Korean hackers frequently target global crypto exchanges, especially major global systems with significant assets.

To address the security incident, Indodax is cooperating with the Police's Criminal Investigation Agency (Bareskrim), as well as the Financial Services Authority (OJK) and the Commodity Futures Trading Regulatory Agency (Bappebti), he added.

"As what we are facing is a serious global issue, we are coordinating with Bareskrim's cyber agency to address this incident promptly and effectively," the Indodax CEO continued.

Darmawan affirmed that the users' crypto assets in the system are safe despite the cyberattack. However, Indodax may need more time to restore the system before users can access the assets safely.

The total crypto assets managed by Indodax currently stands at Rp11.5 trillion (USD1 = around Rp15,411), more than 100 percent of the assets held by all system users, he added.

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Translator: Pamela Sakina, Nabil Ihsan
Editor: Rahmad Nasution
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