TechFlow reports on January 24, according to The Block, multiple blockchain security experts have indicated that a North Korean hacking group may be behind the recent breach of Phemex, a Singapore-based cryptocurrency exchange. The attackers stole over $70 million in digital assets, including approximately $16 million in SOL, $12 million in XRP, and $5 million in Bitcoin.
Taylor Monahan, chief security researcher at MetaMask, noted that the attackers simultaneously drained significant assets across multiple blockchains and quickly swapped stablecoins—those with higher freezing risks—into ETH. Phemex CEO Federico Variola confirmed the safety of its cold wallets and stated the platform is developing a compensation plan for affected users.
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