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Protocol Information

Founded in 2019, Phemex is a user-first crypto exchange trusted by over 10 million traders worldwide. The platform offers spot and derivatives trading, copy trading, and wealth management products designed to prioritize user experience, transparency, and innovation. With a forward-thinking approach and a commitment to user empowerment, Phemex delivers reliable tools, inclusive access, and evolving opportunities for traders at every level to grow and succeed.

CategoryCEX
WebsiteTwitter

Methodology

TVL: We are only tracking part of their cold wallets, more information here https://phemex.com/proof-of-reservesView code on GitHub

Hacks

Date: Jan 23, 2025

Amount: $85m

Classification: Infrastructure

Technique: Private Key Compromised (Unknown Method)

Chains: Ethereum, Solana, XRP, Bitcoin, BSC, Sui, Base, Tron, Arbitrum, Avalanche, Polygon, Optimism, zkSync Era

Target Type: CEX