Unknown hackers have compromised the Phemex cryptocurrency platform and stole around $69 million worth of cryptocurrency.
Crypto platforms worldwide have been targeted in hack attacks and it looks like such security incidents are increasing year by year. In fact, a recent analysis showed a 102.88 percent increase in stolen cryptocurrency from 2023 to 2024, reaching $1.34 billion stolen across 47 incidents.
Phemex CEO Federico Variola initially said on X that they suspended withdrawals while
