News Explorer — Singapore Crypto Exchange Phemex Investigating $29 Million Hack

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Jan 23, 1:20 pm

Coindesk

Singapore Crypto Exchange Phemex Investigating $29 Million Hack

Phemex, a Singapore-based cryptocurrency exchange, is investigating a reported hack that resulted in $29 million worth of crypto tokens being drained from one of its hot wallets. The funds were exchanged for ether (ETH) across multiple blockchains, as reported by crypto security firm Cyvers.

Phemex, a Singapore-based cryptocurrency exchange, is investigating a reported hack that resulted in $29 million worth of crypto tokens being drained from one of its hot wallets. The funds were exchanged for ether (ETH) across multiple blockchains, as reported by crypto security firm Cyvers.

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