Phemex exchange hacked for at least $70 million

The Singapore-based Phemex cryptocurrency exchange has acknowledged the compromise of some of the exchange's hot wallets, which saw outflows of at least $37 million across multiple blockchains. Phemex wrote on Twitter that they were "look[ing] into" reports that their hot wallets had been compromised. Tweet by Frederico0x Tweet by Cyvers Alerts “North Korea hack group possibly behind $70 million Phemex exploit, experts say” , The Block

Feb 9, 2025 - 23:50
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Phemex exchange hacked for at least $70 million
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The Singapore-based Phemex cryptocurrency exchange has acknowledged the compromise of some of the exchange's hot wallets, which saw outflows of at least $37 million across multiple blockchains. Phemex wrote on Twitter that they were "look[ing] into" reports that their hot wallets had been compromised.