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Phemex Suspends Withdrawals for Emergency Inspection, Plans to Introduce Compensation Program

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PANews
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Jan 23, 2025

Phemex, a cryptocurrency exchange, has temporarily suspended its withdrawal function to conduct emergency inspections and enhance wallet services. This decision aims to ensure the safety of its operations. Despite the suspension, trading services on the platform remain unaffected. Phemex is also working on a compensation plan for its users, with details to be announced soon.

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