Phemex Exchange Reports $29 Million Hot Wallet Security Breach
TLDR Phemex crypto exchange suffered a security breach on January 23, 2025, resulting in approximately $29 million stolen from their hot wallets across multiple blockchains including BNB, ETH, OP, POL, BASE, and ARB Security firm Cyvers detected suspicious transactions and reported that the stolen assets were being converted to Ethereum (ETH) Phemex CEO Federico Variola…
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