Hackers steal $70m from Phemex in 2025’s largest attack so far

Posted On January 24, 2025

Singapore-headquartered crypto exchange Phemex is investigating a $70 million hot wallet exploit as hackers continue to siphon funds into Ethereum wallets. Blockchain analytics firm PeckShield reported that Phemex lost $69.1 million in a Jan. 23 exploit targeting the exchange’s hot…