01
What happened
Phemex, founded in 2019, is a crypto exchange serving over 10 million users globally, offering a range of services including spot and futures trading, automated trading bots, and wealth management products. The platform emphasizes security through a 100% Proof of Reserves system, institutional-grade custody, and advanced cold storage. Phemex also requires Identity Verification (KYC) to ensure compliance with global AML/CFT standards and enhance account security.
02
Does it affect you
Scoped to GLOBAL and products: spot, futures, trading_bots, earn, custody, lending. Sign in to see personalized impact.
04
What to do now
- Review Phemex's security measures and Proof of Reserves system.
- Understand the KYC requirements for full feature access and compliance.
- Familiarize yourself with the various trading and earning products offered.
ChainSentrix is risk intelligence, not financial advice. We report from official sources and never ask for your keys, seed phrases, or balances.