Fact-check findings
What an automated fact-checker found when it re-read Indodax against the sources the page cites. Only the most recent review is shown.
These findings are produced by an automated reviewer, and its results vary between runs: the same page, checked three times on the same day, came back with 15%, 20% and 34% of its claims disputed, mostly because each run extracted a different number of claims. Treat what follows as leads, not rulings.
“Disputed” means the reviewer could not reconcile the claim with the evidence it cited. It does not mean the claim is false. “Unverifiable” means no reachable source settled it either way.
Nothing here changes the page on its own. A proposed correction is applied only after a human moderator approves it; until then the page reads as it did when reviewed.
unverifiable
2 claimsNo source the reviewer could reach confirms or contradicts the claim.
- #2[unverifiable][awaiting moderator]in section: On-Chain Evidence
“A portion of the converted ETH, estimated at approximately 5,000 ETH, was subsequently routed through Tornado Cash, the OFAC-sanctioned mixing service, to obscure the trail.”
reviewerAbout 5,000 ETH of converted proceeds was routed through Tornado CashThe primary cited analysis does not support the figure, and it may be confused with WazirX. Also, 'OFAC-sanctioned' may be out of date, since OFAC delisted Tornado Cash in March 2025 (from memory; not fetched here). - #5[unverifiable][awaiting moderator]in the timeline
“Indodax receives Bappebti PFAK license as Indonesia's first licensed crypto exchange”
reviewerIndodax received PFAK license in 2020 as Indonesia's first licensed crypto exchangeTimeline entry has no source and no cited source supports a 2020 date or 'first licensed' status. The Background section does not make the 'first' claim.
partially supported
3 claimsThe cited evidence supports part of the claim but not all of it.
- #3[partially supported][awaiting moderator]in section: The Lazarus Hack
“CEO Oscar Darmawan confirmed in a written statement dated September 14, 2024”
reviewerAttribution to DPRK-affiliated actor via written CEO statement dated Sept 14, 2024Antara article was not independently fetched; The Record confirms only the earlier period. Date of statement not confirmed by me. - #6[partially supported][awaiting moderator]in the summary
“serving over 9.6 million users”
reviewerIndodax serves over 9.6 million usersThe figure is slightly out of date but 'over 9.6 million' is not false. - #7[partially supported][awaiting moderator]in section: Risk Assessment
“it fully absorbed the 2024 hack loss without reported harm to individual user balances”
reviewerNo reports of individual user harm / loss was fully absorbedPlausible for the 2024 hack, but the page omits the later disputed member-fund-loss allegations.
confirmed
2 claimsThe cited evidence supports the claim as written.
- #1[confirmed][no action needed]in section: On-Chain Evidence
“Merkle Science's Hack Track report estimated total losses at approximately $25.47 million when accounting for assets across all chains”
reviewerMerkle Science estimated total losses of about $25.47M with per-chain breakdownTotal and per-chain figures match the cited Merkle Science report. - #4[confirmed][no action needed]in section: Background
“In May 2025, Oscar Darmawan transitioned from CEO to Chairman, with co-founder William Sutanto, formerly CTO, assuming the CEO role.”
reviewerLeadership change effective May 2025: Sutanto CEO, Darmawan ChairmanMatches timeline[11] date 2025-05-19.