Phemex, a cryptocurrency exchange, is currently investigating reports of suspicious transactions involving its hot wallets. The CEO has assured users that the assets in the cold wallets remain secure and can be independently verified. Earlier, security firms PeckShield and Cyvers Alerts reported significant fund outflows from Phemex's hot wallets, with losses potentially exceeding $29 million.

PANews reported on January 23 that the CEO of the cryptocurrency exchange Phemex tweeted that reports of suspicious transactions in its hot wallets are under investigation, and emphasized that the assets in the cold wallets are safe and users can verify the relevant addresses themselves.
 Earlier today, PeckShield said that Phemex had experienced "large amounts of suspicious fund outflows" , and Cyvers Alerts stated : Phemex hot wallets are suspected to have lost more than 29 million US dollars .

Phemex Investigates Hot Wallet Incident; Cold Wallets Secure