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