Crypto Exchange Phemex Suspends Withdrawals After $30M Hack
According to online reports, Crypto Exchange PHEMEX seems to be a victim of millions of dollars on Thursday. Millions of USD USDT, USDC, Ethereum (ETH) and other crypto assets were stolen from the hot wallets of the exchange, causing temporary evacuation.
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PHEMEX suffered the first encryption exchange attack in 2025
On Thursday morning, the first encryption exchange hacker Industry in the year. Multiple reports show that suspicious activities involving PHEMEX hot wallets are in several chain stores.
Bicycles of Blockchain Security Company shared On X, it detected multiple transactions of several suspicious wallets on different chains, including BNB, ETH, OP, POL, BASE and ARB. “
The initial report of this security company pointed out that cryptocurrencies worth more than $ 29 million Transfer To the suspicious address, the sum was raised later. “After more in -depth analysis, BTC and TRON blockchain are also affected. It is estimated that the total loss is now about $ 37 million,” the update said.
The cycle seems to have determined about 125 suspicious transactions, distributed in different blockchains, and pointed out that the attacker has begun to exchange tokens to Ethereum (ETH) to avoid potential freezing measures.
At the same time, chain data analysis company lookonchain destroys the encryption robbery, illustrate The hacker attacked an encrypted asset worth about $ 31 million. According to the analysis, 3.48 million US dollars, 3.42 million US dollars and 841 Eth were discharged from the hot wallets in the exchange, worth $ 2.7 million.
In addition, the attackers received 110,701 links, 142 billion PEPE, 1.19 million FET and 29,509 Avax, with a total value of about 7.3 million US dollars. LOOKONChain also lists ONDO, TRX, CRV, Jasmy, AAVE, Shib, GRT, and Brett, as part of the stolen encrypted assets.
Salary plan
After the news, PHEMEX CEO Federico Variola confirmed the attack on one of the hot wallets of the cryptocurrency exchange. VarioLa guarantees to users that PHEMEX’s cold wallets are still safe and they are investigating the report.
Then exchange Announce On X, due to emergency inspections and strengthening security measures, the withdrawal of the troops has been temporarily stopped, but no details are provided to provide this incident.
In order to ensure security, we have temporarily suspended withdrawal when we conduct emergency inspections and strengthen wallet services. We sincerely bring you inconvenience. The withdrawal will soon recover. PHEMEX and the development team apologize for interruption. The mission of seamless and trustworthy trade environment is still firm.
Nevertheless, the post said that the business operation is not bad, and the transaction service continues as usual. PHEMEX’s team also revealed that they are developing a salary plan that will soon announce the plan.
It is worth noting that in 2024, the number and total value of the hacker decreased the previous year. Based on chain analysis dataIn 2024, it was the fourth consecutive year, and the funds were stolen more than one billion US dollars in the cryptocurrency theft.
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In addition, the total value of the stolen stolen was soared to $ 2.2 billion last year, and it became a year when the most personal hackers, from December to December, reached 303.
Concentrated Exchange (CEXS) is the most targeted platform in Q2 and Q3, which records some of the largest events in the history of the industry. Disposter finance (DEFI) (DEFI) (DEFI) platform Like most quarters between 2021 and 2023, it occupied the largest stolen asset share in the first quarter.
Special images from unsplash.com, chart of tradingView.com
