North Korean hackers may be responsible for the multi-million-dollar breach of the Phemex crypto exchange, according to several blockchain security experts.
The Singapore-based platform was hacked on Thursday, resulting in losses exceeding $70 million across multiple cryptocurrencies.
Phemex suspended withdrawals earlier that day after security firms flagged suspicious activity. Initially, $30 million had been drained, but the attack appeared to continue, leading to further token losses. Phemex CEO Federico Variola addressed the situation on X, stating that while the exchange was investigating a compromise in one of its hot wallets, its cold wallets remained secure and verifiable, promising further updates soon.
This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about north korea may be responsible for breach of the phemex crypto exchange us 70mn losses was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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