Indonesia’s crypto trading platform Indodax announced on Saturday (14/9/24,) that it holds IDR 11.52 trillion (approximately USD 747.7 million) in proven crypto asset reserves, as it grapples with a recent cyberattack that has disrupted its website for the past few days, according to reporting from Jakarta Globe.
Indodax’s trading app remains inaccessible after the cyberattack. The company has provided a hotline for customer inquiries and assured users that its offices in Bali and Jakarta will remain open throughout the weekend and the national holiday on Monday (16/9/24.)
In a public statement, Indodax CEO Oscar Darmawan disclosed the company’s crypto reserves to reassure customers that their assets were unaffected by the cyberattack, says Jakarta Globe.
“We want to emphasize to our customers that your rupiah deposits and crypto assets are 100 percent secure and unaffected by the ongoing investigation and the recent incident,” Oscar stated in an Instagram post.
Oscar outlined the company’s reserves, which include 4,806.3 Bitcoins worth IDR 4.28 trillion, 36,915.47 Ethereum valued at IDR 1.33 trillion, and other crypto assets totalling IDR 5.9 trillion.
“Indodax holds crypto reserves of IDR 11.529 trillion, more than 100 percent of the balance of all our members,” Oscar said, adding that the company is working on building new server infrastructure to relaunch the Indodax website in the near future, reports Jakarta Globe.
Following the incident, Yudhono Rawis, Deputy Chairman of the Association of Indonesian Blockchain and Crypto Asset Traders, urged all members to enhance their cybersecurity measures.
“Members must conduct routine security audits of their platforms and enforce strict security protocols,” Yudhono said, while also advising users to remain vigilant and adopt two-factor authentication to prevent data breaches.
Source: Jakarta Globe
Stock image by Eivind Pedersen from Pixabay
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