Phemex Hack Exposes $85 Million: What You Should Know
Imagine logging into your crypto account feeling confident—until you learn you’ve lost tens of millions in seconds. That’s exactly what happened to users of Phemex on January 23, 2025, when threat actors took advantage of a hot wallet vulnerability and stole more than $85 million. The exchange detected the hack at 11:30 UTC and responded immediately by suspending…