Phemex Update On wallet Security And Temporary Suspension Of Withdrawals

This story was originally published on HackerNoon at: https://hackernoon.com/phemex-update-on-wallet-security-and-temporary-suspension-of-withdrawals.

The impact is limited and systems remain secure. Trading services continue uninterrupted, and core business operations remain unaffected.


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Phemex is currently investigating a report involving one of its hot wallets. Withdrawals have been temporarily suspended to allow for a thorough inspection and the enhancement of wallet security measures. Trading services continue uninterrupted, and core business operations remain unaffected.