Cyvers in the News

Phemex Exchange Hacked: $29m Stolen, Withdrawals Suspended

^{‍The hack was first noticed by crypto security firm Cyvers}, who reported unusual transactions from the Phemex hot wallet.

Phemex Hacked: Over $29 Million Stolen Across Multiple Blockchains

^{‍Blockchain security firm Cyvers said its systems detected multiple suspicious transactions involving Phemex’s hot wallets across several chains.}

^‍Cyvers estimated that digital assets worth more than $29 million were transferred by suspicious addresses on chains including BNB, ETH, OP, POL, BASE, and ARB.

Crypto Exchange Phemex Investigating Hack Reports as $29M Drained From Hot Wallets

^{‍Crypto security firm Cyvers reported} "multiple suspicious transactions" from the Phemex hot wallet across multiple blockchains. The funds were swapped for ether (ETH).