Monitoring

Phemex

HIGHEthereum, Solana, XRP, Bitcoin, BSC, Sui, Base, Tron, Arbitrum, Avalanche, Polygon, Optimism, zkSync Era·Hot Wallet Key Compromised·#48 all-time
$85.0M stolenThursday, January 23, 2025 · 640 days ago

Corpus updated 2026-10-25

What happened

  • Phemex, a centralised exchange, lost $85.0M on January 23, 2025.

  • The 5th largest of the 148 incidents recorded in 2025: 3.1% of the $2.72B lost to hacks that year.

  • Hot Wallet Key Compromised is behind 60 recorded incidents totalling $3.08B; this is the 9th largest of them.

Cite this record

Monitoring Room, "Phemex hack — $85.0M stolen", incident record, data: DefiLlama hacks dataset, as of 2026-10-25 08:00 UTC. https://monitoringroom.com/situation/crypto-hack/phemex

Nearby in the record

The Idols
1/14/2025$324K
DogWifTools
1/28/2025$10.0M
Mosca2
1/13/2025$38K
Sirio Finance
2/1/2025$2.0M
Unilend V2
1/12/2025$198K
Ionic Protocol
2/4/2025$8.6M
← All incidents

Source: DefiLlama · 1317 recorded incidents · data as of 2026-10-25 08:00 UTC