No Bullshit Bitcoin on Nostr: Phemex exchange losses climb to $85 million following a recent hack The ...
Phemex exchange losses climb to $85 million following a recent hack
The Singapore-based cryptocurrency exchange experienced a breach of its hot wallets on January 23rd. The initial estimate of stolen cryptocurrency was $29 million, but the figure was raised to $73 million on Friday. By Sunday, the estimates rose once more, with MetaMask's Taylor Monahan calculating the value of the stolen crypto to be at least $85 million.
The attack constitutes the largest centralized exchange hack of 2025 so far.
More: https://www.bleepingcomputer.com/news/security/hackers-steal-85-million-worth-of-cryptocurrency-from-phemex/
The Singapore-based cryptocurrency exchange experienced a breach of its hot wallets on January 23rd. The initial estimate of stolen cryptocurrency was $29 million, but the figure was raised to $73 million on Friday. By Sunday, the estimates rose once more, with MetaMask's Taylor Monahan calculating the value of the stolen crypto to be at least $85 million.
The attack constitutes the largest centralized exchange hack of 2025 so far.
More: https://www.bleepingcomputer.com/news/security/hackers-steal-85-million-worth-of-cryptocurrency-from-phemex/