Singapore-based cryptocurrency exchange Phemex said it was “investigating” reports of a hack after one of its hot wallets was dumped $29 million worth of crypto tokens .
Crypto security firm Cyvers has reported “multiple suspicious transactions” from Phemex hot wallet across multiple blockchains. The funds were exchanged for ether (ETH).
“As we review a report on one of our hot wallets, rest assured that our cold wallets remain safe and can be verified by everyone here, we will release more updates soon,” said Federico Variola , CEO of Phemex. written the.
