According to Foresight News, cryptocurrency exchange Pheme has announced a temporary suspension of withdrawals to conduct an urgent inspection and enhance its wallet services. The exchange is addressing unauthorized outflows from its hot wallet and is preparing a compensation plan, which will be announced soon.
Previously, Foresight News reported that Cyvers monitoring detected multiple suspicious transactions across Phemex's hot wallets today. Digital assets valued at over $29 million have been transferred through questionable addresses on the blockchain.