Phemex: Withdrawal function temporarily suspended, compensation plan is being formulated

ChainCatcher message, Phemex announced on platform X that to ensure safety, we are conducting an emergency inspection and strengthening wallet services, therefore the withdrawal function is temporarily suspended. We are currently formulating a compensation plan, which will be announced soon. Thank you for your understanding and continued support. Business operations are running smoothly. Trading services continue as usual.

ChainCatcher previously reported, Cyvers Alerts stated on platform X that the system detected multiple suspicious transactions involving hot wallets across several chains, with digital assets worth over 29 million dollars currently transferred to suspicious addresses on chains such as BNB, ETH, OP, POL, BASE, and ARB. These addresses have begun exchanging assets for ETH.