Regarding The Alleged Hacking Of Indodax, CoFTRA Conducts An Internal Investigation

Head of the Commodity Futures Development and Development Bureau CoFTRA, Tirta Karma Senjaya (photo: dock.VOI)

JAKARTA - The Commodity Futures Trading Supervisory Agency (CoFTRA) said that they were conducting an internal investigation related to the alleged hacking of one of the crypto exchanges in Indonesia, Indodax.

"Yes, it has been (discussed with Indodax), an investigation is being carried out and Indodax is also in maintenance," said Head of the CoFTRA Commodity Development and Development Bureau CoFTRA, Tirta Karma Senjaya to VOI on Wednesday, September 11.

The related parties who carried out the investigation, said Tirta, were "internal CoFTRA and Indodax" parties. Nevertheless, Indodax ensures that consumer funds are safe both crypto and Rupiah.

On the other hand, based on a post from cyber observer and founder of Indonesian Ethical Hacker Teguh Aprianto, this hack is suspected to have lost more than US$21.8 million in transactions or around Rp335 billion.

On the other hand, Chairman of the Indonesian Fintech Association (AFTECH) Pandu Sjahrir said he would continue to ensure the latest updates from Indodax. Pandu also admitted that he had reported the alleged hacking to the Ministry of Communication and Information Technology.

"He said, as of 1 hour ago in Manage well there would be a direct message from them, about the direct amount affected but he said 100 percent in terms of safe Indodax users, we are now following hour by hour and have also reported to the Ministry of Communication and Information," said Pandu at the Ngobrol Pintar (Ngobrol Pintar) with Kominfo: Action & Fintech Strategy to Face Online Gambling Fraud.

Hacking of Indodax is not the first time this has happened, in September 2022, as many as 50,000 Indodax users' credentials were leaked to the dark web, most of which were credentials from Indonesian users.

However, at that time the CEO of Indodax, Oscar Darmawan, denied the existence of the credential leak. He ensured that the news was not true. Because according to him, Indodax has implemented Multi Factor Authentication security and other layered security.

"Regarding the news that hackers have member data from the indodax server attack, we can confirm that it is a hoax because we can confirm that the Indodax server is safe," said Oscar.