Tools Crypto Exploit Tracker exploit-0131
Exploit record
Phemex Exploit
- Loss
- $37M
- Attack vector
- Access Control
- Chain
- Multichain
- Sector
- Exchange
What happened
On January 23, 2025, Phemex lost about $37M amid a multi-chain hot-wallet breach. The exchange published a timeline and compensation plan shortly after.
Another exchange reminder that once the hot-wallet layer is compromised, attackers do not need deep protocol wizardry to do large damage fast. Phemex was relatively transparent in their response, publishing a detailed timeline and reassuring users with a compensation framework.
Sources
- Halborn analysiswww.halborn.com/blog/post/explained-the-phemex-hack-january-…
One record from the Crypto Exploit Tracker, maintained by the Security Desk. Data: CSV · JSON ·RSS · CC BY 4.0 with attribution to YFarmX.Tracker updated · 15 September 2026