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News Explorer — Singapore Crypto Exchange Phemex Investigating $29 Million Hack

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Jan 23, 1:20 pm
Coindesk

Singapore Crypto Exchange Phemex Investigating $29 Million Hack

Phemex, a Singapore-based cryptocurrency exchange, is investigating a reported hack that resulted in $29 million worth of crypto tokens being drained from one of its hot wallets. The funds were exchanged for ether (ETH) across multiple blockchains, as reported by crypto security firm Cyvers.

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