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At least $69 million stolen from crypto platform Phemex in suspected cyberattack

ID: 4ec7b03e-de5b-58d5-9828-d7a58d22ea3d

STIX ID: report--4ec7b03e-de5b-58d5-9828-d7a58d22ea3d

Feed Name: The Record from Recorded Future News

Threat Score
75/100

Date Published: 2025-01-24

Date Updated: 2026-05-01

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Singapore-based cryptocurrency exchange Phemex paused some operations after a suspected cyberattack led to the theft of over $69 million in ETH, BTC, BNB and other coins; the company is manually restoring withdrawals and reviewing balances. Blockchain security firms observed large outflows, and analysts noted the sophistication of the theft with several experts suggesting possible North Korean-linked actors, though technical attribution remains unconfirmed.

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