The cryptocurrency platform based in Singapore, Phemex, was forced to suspend some of its operations on Thursday after an alleged cyber attack led to theft of more than $ 69 million in digital parts.
Friday morning, the CEO of the company said that they were restoring withdrawals on the platform and will manually examine the requests for the realization of Phemex money at the moment.
“We have also taken an instantaneous of all the sales of all users at 12 noon for a reward for your support and your loyalty, more about this”, the CEO of Phemex, Federico Variola, said.
Variola before said They were testing their system but had to take more time “due to the sophistication of the threat actor”.
The problems started on Thursday morning when several blockchain safety companies reported See millions of dollars of cryptocurrency that leaves the platform.
Researchers from the Safety Company Blockchain Cyvers saw Suspicious transactions involving $ 29 million in cryptocurrency leaving Phemex.
The blockchain security company, Peckshield, told Future News that the final statement of losses showed more than $ 69 million Eth, Bitcoin, Binance Coin and other cryptocurrencies had been stolen.
The company did not respond to requests for comments on losses, but apologized to customers on social networks.
“Phemex and the development team apologize for disruption. Our mission to provide a transparent and confidence commercial environment remains firm ”, the company explain. “We are working on a remuneration plan, which will be announced soon. Our current commercial operations are good. Trading services continue as usual. »»
Phemex said he had the approval to operate in the United States, Canada, Turkey and Lithuania, with more than five million users worldwide.
Two other cryptocurrency platforms based in Singapore – Penpie and Bingx – have been attacked by pirates in the last six months. In September, almost $ 30 million was stolen in Penpie while $ 44 million was taken from Bingx.
Several experts who radius In the block, a cryptocurrency information site said that the technical sophistication of the attack and the way the funds were siphoned from the platform have shown that it was done by experienced actors-with At least two people pointing North Korea.
Pirates of North Korean government have been accused several times by American police and several other governments of being behind several of the greatest flights of cryptography.
Last week, the United States, Japan and South Korea published a joint declaration warning the cryptography industry that North Korea continues to target their platforms in 2025 after several incidents at the head of the head Last year, including 308 million dollars on DMM Bitcoin and 235 million dollars and $ 235 million and $ 235 million in Wazirx.
“Our three governments are trying together to prevent thefts, especially from private industry, by the PDR and recover stolen funds for the ultimate aim of denying the illegal RPDC income for its illegal weapons of mass destruction and Ballistic missile programs, “said countries.
The blockchain security company, Chainalysis, has published a report in recent weeks that the hacking groups linked to the government of North Korea have stolen a value of $ 1.34 billion in cryptocurrency on 47 incidents in 2024.
The United Nations experts are still investigating 58 cyber attacks on cryptocurrency companies that were said to have been led by North Korean hackers who allowed attackers to ratify around $ 3 billion over a six-year period.
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