Hackers Drain Over $85 Million From Crypto Exchange Phemex

[rbc]

Singapore-based cryptocurrency exchange Phemex has fallen victim to a cyberattack that resulted in the theft of over $85 million worth of assets.

The incident occurred on January 23, when multiple suspicious transactions were observed across several blockchains, with an initial estimate setting the potential losses at $29 million.

Over the weekend, however, the estimate grew to more than $85 million, as more fraudulent transactions were identified across 16 blockchains.
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Hackers Drain Over $85 Million From Crypto Exchange Phemex