Security experts: North Korean hacker group may be behind the Phemex theft incident

ChainCatcher news, according to The Block, multiple blockchain security experts have pointed out that a North Korean hacker group may be behind the theft incident of the Singapore cryptocurrency exchange Phemex. The attackers stole over $70 million in crypto assets, including approximately $16 million in SOL, $12 million in XRP, and $5 million in Bitcoin.

MetaMask Chief Security Researcher Taylor Monahan stated that the attackers simultaneously stole a large amount of assets across multiple chains and quickly exchanged stablecoins with a high risk of freezing for ETH. Phemex CEO Federico Variola confirmed the security of the cold wallet, and the platform is developing a compensation plan for the victims.