TechFlow news, on January 24, Phemex CEO posted on X stating that USDT and USDC withdrawals are expected to resume in 6 hours. The platform emphasized that ensuring the security of hot wallet architecture remains the top priority. Meanwhile, other services such as MemeX will also be restored during the same period.
Earlier reports indicated that Phemex suffered a hack resulting in over $29 million in stolen assets, prompting the temporary suspension of withdrawal functions.




