Cyvers in the News

Indonesian exchange Indodax faces $20 million loss from apparent exploit

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"We identified a significant security breach targeting Indodax's hot wallet, resulting in a loss of over $20.5 million across multiple chains, "^{said Yosi Hammer from blockchain security firm Cyvers}. "Our real-time monitoring systems flagged 160 critical red flags at the onset, beginning with a transfer of 660 ETH."

Indonesia’s Largest Centralized Exchange Suffers $18 Million Exploit: Report

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On September 11, ^{Cyvers Alerts took to X to notify the exchange of suspicious transactions.}“Our system has detected multiple suspicious transactions involving your wallets on different networks,” the company stated.

Indonesian crypto exchange Indodax hacked, issues advisory

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^{Cyvers Alerts issued an alert to Indoda}x suggesting that its system detected multiple suspicious transactions involving the exchange’s wallets on different networks. It mentioned that a suspicious address was holding $14.4 million USD and was caught swapping the tokens for Ether.

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It later added that they detected more than 150 such transactions and the total loss had breached $18.2 billion.