Ethereum Dominates Hacker’s $14.4M Portfolio Following Indodax Breach

• Hacker diversifies $14.4M in stolen assets, complicating recovery and monitoring efforts.
• Indodax hacker’s portfolio includes 5,584 ETH, actively swapping stolen tokens to Ether.
• Security alerts highlight critical wallet breaches as Indodax hacker’s transactions continue.

The recent hack of Indonesian cryptocurrency exchange Indodax has resulted in the theft of approximately $20 million in digital assets. According to blockchain analytics platform Spot On Chain, the hacker’s portfolio is now diversified across several cryptocurrencies, with Ethereum (ETH) representing the largest holding.

Hacker’s Portfolio Breakdown

According to the latest data, the hacker’s portfolio is diversified across several crypto assets, with the majority of the stolen assets held in Ethereum (ETH). The hacker currently holds 5,584 ETH, valued at roughly $13 million, spread across the Ethereum and Optimism networks.

In addition, the hacker possesses 6.84 million POL, also known as MATIC, worth $2.56 million on the Polygon network. Other significant holdings include 16.7 million TRX, valued at $2.55 million on the Tron network, and 25 BTC, worth $1.41 million.

Read also: Tornado Cash: Hackers Launder $37 Million in Stolen Ethereum

The hacker’s current portfolio balance stands at $14.427 million, an increase of 48.402% since the initial theft. The majority of the portfolio’s value is concentrated in Ethereum, with 5.204K ETH valued at $12.114 million. Bitcoin (BTC) is the second-largest holding, with 25.010 BTC worth $1.410 million. 

Other notable assets in the hacker’s portfolio include 380K BGB valued at $356.784K, 200M TOKO worth $93.594K, and 80M TITAN valued at $92.168K.

Ongoing Monitoring and Security Alerts

The hacker’s wallet is under active surveillance, with regular transactions being observed. Cyvers Alerts, another blockchain security platform, has also flagged suspicious transactions linked to Indodax’s wallets. They report that the suspicious address currently holds $14.4 million and is actively swapping stolen tokens into Ether.

Cyvers’ security dashboard highlights several “Critical” security incidents related to wallet access control exploits.

Despite a potential security issue, Indodax announced on their X account that they are conducting maintenance, temporarily disabling their platform while assuring users their balances remain safe.