37 Million Dollar Hack Allegation in Major Cryptocurrency Exchange! Here Are the Affected Altcoins!

Blockchain security firm Cyvers Alerts said it detected suspicious withdrawals of approximately $29 million from Singapore-based cryptocurrency exchange Phemex.

Cyvers Alerts, Phemex hot wallet has reported multiple suspicious transactions in multiple altcoins and stated that the funds were exchanged with Ethereum (ETH).

According to PeckShielAlert's sharing, altcoins such as SNX, LDO, ARKM, PORTAL, LADYS, and WLD were among the altcoins that experienced an exit.

Phemex Official, our systems have detected numerous suspicious transactions related to your hot wallets on various chains.

BNB, ETH , OP, POL, BASE and ARB, digital assets worth 29 million US dollars were transferred by suspicious addresses in the chains, including.

These addresses have already started trading their assets with ETH.

We are actively monitoring the situation and will provide more details soon!

As a result of a more in-depth analysis, it has emerged that both the BTC and TRON blockchains have been affected, and the estimated total loss has now reached approximately 37 million dollars.

Phemex CEO Federico Variola said in a post from X account, "While reviewing a report related to one of our hot wallets, you can be sure that our cold wallets are safe and can be verified by everyone here. We will soon release more updates."

Upon deeper analysis, it has come to light that both $BTC and $TRON blockchains have also been impacted, with the estimated total loss now reaching approximately $37 million.

— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) January 23, 2025