Crypto Exchange Phemex Investigating Hack Reports as $29M Drained From Hot Wallets

1 month ago

Singapore-based cryptocurrency speech Phemex has said that it is "looking into" reports of a hack aft 1 of its blistery wallets was drained for $29 cardinal worthy of crypto tokens.

Crypto information steadfast Cyvers reported "multiple suspicious transactions" from the Phemex blistery wallet crossed aggregate blockchains. The funds were swapped for ether (ETH).

"As we look into a study connected 1 of our blistery wallets remainder assured our acold wallets stay harmless and tin beryllium checked by everyone here, volition station much updates shortly," Phemex CEO Federico Variola wrote connected X.

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