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TechFlow reports, on January 24, Phemex CEO posted on X stating that the exchange is gradually restoring USDT and USDC withdrawal functions, with all applications being manually reviewed by the security team.
The platform has taken a snapshot of user balances at 12:00 UTC and plans to launch a reward program to thank users for their support. Additionally, Bitcoin withdrawals will be reopened soon, and the Bitcoin wallet was unaffected by this incident.
Phemex CEO posted on X stating that the exchange is gradually restoring USDT and USDC withdrawal functions, with all requests being manually reviewed by the security team. A snapshot of user balances was taken at 12:00 UTC, and a rewards program is planned to thank users for their support. Additionally, Bitcoin withdrawals will be reopened soon, and the Bitcoin wallet was unaffected by this incident.
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