VERDICT —OUT OF SCOPE
Root cause is private-key / signer compromise — the on-chain contract behaved exactly as written. No pre-deployment source audit or bytecode review reaches the key-custody perimeter; this is operational-security territory (HSM/MPC hygiene, key rotation, hot-wallet isolation). Bytecode would show nothing wrong.
▰ METHOD
PRIVATE KEY
PRIVATE-KEY
Root cause
Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.
Forensic narrative
Indonesian crypto exchange Indodax suffered an attack a few hours ago, with the hacker stealing various tokens from hot wallets. The total loss is approximately $22 million. According to the analysis by the SlowMist security team, the possibility that the hot wallet has been compromised can be ruled out. It is possible that the withdrawal system has been hacked. Attack method (per SlowMist): Unknown. Reported loss: $ 22,000,000.
Primary source
https://x.com/SlowMist_Team/status/1833757841880158673 ↗Sourced from
slowmist
Technical record
- chain
- —
- protocol
- Indodax
- bug_class
- private-key
- date_occurred
- 2024-09-11
- loss_usd
- $22,000,000
- source_id
- sm:indodax::2024-09-11
Related — same bug class· private-key