Phemex CEO: It is expected that the withdrawal services for USDT and USDC will resume in about 6 hours

ChainCatcher news, Phemex CEO Federico0x stated that the withdrawal services for USDT and USDC are expected to resume in about 6 hours (around January 24, 22:00 Beijing time), while ensuring the security of the hot wallet is the current main task. Other services like MemeX will also restart during this period.

Previous news, Phemex announced that the withdrawal function is temporarily suspended and is formulating a compensation plan.