Duvel on Nostr: For everyone new tob Bitcoin, don't buy bitcoin on an exchange. They're are many ...

For everyone new tob Bitcoin, don't buy bitcoin on an exchange. They're are many risks besides hacks.

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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/