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Founded in 2019, Phemex is a user-first crypto exchange trusted by over 10 million traders worldwide. The platform offers spot and derivatives trading, copy trading, and wealth management products designed to prioritize user experience, transparency, and innovation.
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Binance hacker funds linked to wallet addresses tied to the Phemex exploit
According to monitoring by SlowMist's Cos, funds from the Binance hacker have been linked to wallet addresses associated with the hackers behind the Phemex exploit in early 2025. SlowMist's Cos stated that the incident was determined at the time to involve North Korean hackers.
South Korean financial authorities block websites of 27 unregistered virtual asset operators, including KuCoin and MEXC
According to reports by South Korean media etoday, the Financial Information Analysis Unit (FIU) of the South Korean Financial Services Commission stated that the Korea Communications Commission has decided to implement domestic access blocking or access suspension measures on the websites of 27 unregistered virtual asset operators, including KuCoin, MEXC, BingX, Phemex, XT.com, Bitrue, CoinW, Poloniex, BTCC, and BitMart. This move further expands the scope of restrictions targeting unregistered operators from mobile app stores to internet web pages.