TechFlow, November 21 — According to Decrypt, Indonesian authorities have arrested a local hacker suspected of exploiting a security flaw in the deposit system of trading platform Markets.com to steal cryptocurrency worth $398,000.
The suspect was detained on Saturday in Bandung, West Java. It is reported that the hacker exploited an anomaly in the system where, under the name of Markets.com, the platform would generate a USDT balance corresponding to any deposit amount entered by the attacker, due to lack of proper backend validation.
Police stated that HS used Indonesian national ID information scraped from public websites to create four fake accounts. Authorities seized a laptop, mobile phones, CPU devices, ATM cards, a 152-square-meter shop in Bandung, and a cold wallet containing 266,801 USDT, with total assets valued at approximately $4.2 million.
The suspect faces charges related to cybercrime and anti-money laundering laws, carrying a maximum penalty of 15 years in prison and a fine of $900,000.
