Articles for tag: cold wallets, cryptocurrency theft, Cyberattack, Federico Variola, PeckShield, Phemex, security breach

January 27, 2025

Hackers Steal $69 Million from Phemex: What You Need to Know About the Cryptocurrency Heist

Cryptocurrency platform Phemex, based in Singapore, recently suffered a cyberattack that resulted in the theft of approximately $69 million. Following the breach, CEO Federico Variola announced that operations had been paused while the team began restoring withdrawals, implementing manual reviews for all requests. Security firm PeckShield reported the incident, noting a suspicious outflow of funds. ...

December 29, 2024

Market News

Crypto

Chinese Salt Typhoon Cyberespionage Targets AT&T and Verizon, but Carriers Ensure Network Security, Reports Reuters

The cyberespionage group known as Salt Typhoon, linked to China, recently targeted AT&T and Verizon, gaining access to sensitive data. However, both companies have confirmed that their U.S. networks are now secure and that they are actively working with law enforcement to address the situation. AT&T stated that only a limited amount of information was ...