Cyvers in the News

Phemex halts withdrawals amid $29M of 'suspicious' outflows

^{Blockchain security firm Cyvers has flagged nearly $30 million of suspicious outflows from Phemex.}

Cyvers' co-founder and chief technology officer, Meir Dolev, highlighted that 125 suspicious transactions were recorded across 11 blockchains, with some assets already swapped to bypass freezing...

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.