11
Cybersecurity Guidelines for Digital Financial Asset Trading Providers in Indonesia
As of June 2025, there are 20 Exchanges licensed by OJK. In addition, there are three supporting entities in the ecosystem, namely one Bourse, one Clearing Institution for Guarantees and Settlements, and one Custodian. During the same period, the number of crypto consumers reached 16.32 million, based on the number of consumers who had conducted transactions on Exchange platforms, with the total value of crypto asset transactions reaching Rp. 226.5 trillion. In Indonesia, there was a hacking incident involving a crypto exchange platform that resulted in the loss of digital assets. The incident began with unauthorized access to the Exchange’s backend system, allegedly carried out through phishing . After obtaining the credentials, the perpetrator exploited a security vulnerability and began transferring funds from the Exchange’s wallet to an anonymous wallet. Meanwhile, abroad, one of the largest cybersecurity incidents in the history of crypto exchanges occurred in February 2025, when a crypto Exchange platform was hacked, resulting in losses of over $1.5 billion in Ethereum and other ERC-20 tokens. The attack took place during a routine transfer between the Exchange’s cold wallet and hot/warm wallet. The hacker injected malicious JavaScript code that exploited a vulnerability in the user interface of the
Made with FlippingBook Ebook Creator