The post Phemex Crypto Exchange Faces $70M Loss After Security Breach Linked to North Korean Hackers appeared first on Coinpedia Fintech News
Singapore-based cryptocurrency exchange platform, Phemex lost over $70 million on Thursday due to the security failure. The occurrence has elicited concern across the crypto space, with strong indications pointing to North Korean hackers per usual. The hack started by first compromising one of Phemex’s hot wallets, limping off with $30 million; worse was still to …