Odaily Planet Daily News Phemex announced on the X platform that in order to ensure security, we are conducting emergency checks and strengthening Wallet services, so the withdrawal function is temporarily suspended. We are currently formulating a compensation plan, which will be announced soon. Thank you for your understanding and continuous support. Business operations are going smoothly. Trading services are operating as usual.
Earlier reports stated that there were suspicious large outflows of funds from Phemex, a cryptocurrency derivatives trading platform, according to PDS monitoring of hot wallets.
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Phemex: Withdrawal function temporarily suspended, compensation plan being formulated
Odaily Planet Daily News Phemex announced on the X platform that in order to ensure security, we are conducting emergency checks and strengthening Wallet services, so the withdrawal function is temporarily suspended. We are currently formulating a compensation plan, which will be announced soon. Thank you for your understanding and continuous support. Business operations are going smoothly. Trading services are operating as usual. Earlier reports stated that there were suspicious large outflows of funds from Phemex, a cryptocurrency derivatives trading platform, according to PDS monitoring of hot wallets.