lazarusholic

Everyday is lazarus.dayβ

Phemex

#Phemex

Summary

On January 23, 2025, Phemex suffered a $73 million hack, with funds drained from hot wallets across 16 chains, including Ethereum, Solana, and XRP. The attack exploited access control vulnerabilities, enabling rapid and synchronized thefts. While cold wallets remained safe, the incident raised significant concerns about multi-chain security risks. Phemex temporarily suspended withdrawals and promised transparency, publishing proof of reserves to reassure users.

Reports