phemex

🚨🚨🚨 BREAKING : #Phemex crypto exchange hacked for $70M ~ The Block

⚠️ JUST IN: PeckShield Inc reports suspicious large fund outflows from #Phemex hot wallets.

🚨 A Loud Attack on the Crypto Market!

The Phemex crypto exchange has been hacked, resulting in the theft of over $70 million. 😱 The attack hit a Singaporean platform, and North Korean hackers are rumored to be behind it.

This is not the first time that hacker groups from North Korea have been linked to attacks on the crypto sector. Their strategy is simple: strike quickly and disappear without a trace. But such a major theft once again shows how important it is to protect your assets. 🔒

‼️ If you store cryptocurrency on exchanges, do not forget about security rules:
1️⃣ Use two-factor authentication.
2️⃣ Transfer some assets to cold wallets.
3️⃣ Check the reliability of exchanges.

The crypto world is growing, but so are the risks. Be vigilant, friends! 👀

#CryptoNews
#BlockchainSecurity
#CryptoHack
#Phemex

🚨ToDay🔥

#Singapore 🇸🇬-based crypto exchange #Phemex lost $70 million due to a hack targeting its #HotWallets ,including assets like $USDC ,$ETH ,and $LINK ,but it assured users that its cold wallets remain #SAFE trading was unaffected,and a #Compensation plan is in progress.🤐

Over $70M worth of cryptocurrencies were drained from the Phemex exchange

On January 23, the Singapore-based exchange experienced a breach, losing over $70M in cryptocurrencies. Withdrawals were suspended after blockchain security firms, including #Cyvers , flagged suspicious transactions from the #Phemex hot wallet across multiple blockchains. The stolen assets were converted into $ETH .

👉 theblock.co/post/336754/north-korea-hack-group-possibly-behind-70-million-phemex-exploit-experts-say

🗣️📨 Cyvers Alerts experts reported that “multiple suspicious transactions” were detected using hot wallets of the Phemex cryptocurrency exchange. According to them, virtual assets worth more than $29 million were transferred to suspicious addresses on the Arbitrum, Base, BNB Chain, Ethereum, Optimism, and Polygon networks. Later, analysts clarified that “the Bitcoin and Tron blockchains were also affected.”
#PhemexHack #phemex #SuspiciousActivity

🚨 Phemex Hack: $70M Lost, N. Korean Hackers Suspected 🚨
Phemex faced a $70M breach in crypto assets, with blockchain experts pointing to North Korean hackers.
Withdrawals are paused as investigations confirm hot wallet compromise. Cold wallets remain secure, per CEO Federico Variola.
#CryptoNews #Phemex #BlockchainSecurity

🚨 Google Blocks 17 Crypto Exchanges in South Korea! 🚨

🔹 Major platforms affected: KuCoin, MEXC, Phemex, Poloniex, and more
🔹 Users can’t install or update apps from the Google Play Store locally
🔹 Action taken at South Korea’s request due to regulatory non-compliance

📌 Why the Ban?
South Korea enforces strict Virtual Asset Service Provider (VASP) regulations, requiring exchanges to register with financial authorities. These 17 platforms failed to comply, leading to their restriction.

📉 Impact on Users:
🔸 Limited access to global crypto trading platforms
🔸 Potential shift to registered local exchanges
🔸 Risk of legal issues for those seeking workarounds (e.g., VPNs)

💡 What’s Next?
This move signals South Korea’s growing control over crypto markets, emphasizing compliance. Traders should stay informed about evolving regulations to avoid disruptions.

🔗 #CryptoBan #SouthKorea #KuCoin #MEXC #Phemex