Phemex CEO: Hot Wallet Incident Under Investigation, Cold Wallet Assets Secure

BlockBeats News, January 23rd, the CEO of the cryptocurrency exchange Phemex tweeted that a report on suspicious transactions involving its hot wallet is under investigation. He emphasized that the assets in the cold wallet are safe and encouraged users to independently verify the relevant addresses.

Previously, Cyvers Alerts reported detecting multiple suspicious transactions from Phemex's hot wallet across multiple chains. Over $29 million worth of digital assets have been transferred to suspicious addresses on chains including BNB, ETH, OP, POL, BASE, and ARB. These addresses have started exchanging the assets for ETH.