Crypto Heist: Phemex Loses $69 Million in Alleged Cyberattack Chaos
Crooks made off with $69 million from Phemex, leaving the Singapore-based crypto platform to hit pause and ponder. Phemex CEO Federico Variola assures users they’re restoring withdrawals and reviewing requests with more scrutiny than a detective with a magnifying glass. Meanwhile, PeckShield sounds the alarm on this blockbuster crypto heist.
Hot Take:
Looks like Phemex just got a $69 million lesson in cybersecurity. The hackers have shown that when it comes to cryptocurrency, it’s not just the market that’s volatile. Maybe next time Phemex should invest in a digital padlock that doesn’t come with a ‘Nation-State Hacker Inside’ sticker!
Key Points:
- Crypto platform Phemex hit by a cyberattack, losing $69 million.
- PeckShield researchers detected the massive outflow of funds.
- Withdrawals are being manually reviewed as operations resume.
- Phemex’s cold wallets remain secure despite the attack.
- Nation-state actors, possibly North Korean, are suspected.
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