Crypto hack alert: @Phemex_official lost about $70M in January Last month, Phemex suffered a ±$70M security breach affecting 16 blockchains, including Ethereum, Solana, and Bitcoin. Hackers drained assets from hot wallets in a multi-chain attack. How it happened: ▫️ Attackers compromised private keys, likely stored in a single location. ▫️ 125+ unauthorized transactions were executed across multiple chains. ▫️ Stolen funds were quickly swapped to Ethereum to evade detection. Phemex responded by pausing withdrawals, securing cold wallets, and promising user compensation. But this raises a big question - how can CEXs prevent such breaches in the future? Enter Quant Layer AI – a quantum-resistant security solution for blockchain. Our solution would’ve prevented the Phemex hack with: ✔️ Quantum-resistant encryption to secure private keys against compromise. ✔️ AI-driven monitoring detection that blocks suspicious transactions in real-time. ✔️ Hybrid encryption channels that prevent unauthorized key access. Security in #crypto needs to evolve beyond traditional methods. Hacks like Phemex prove that multi-layer security & quantum-resistant cryptography are no longer optional - they're a must. It’s time to upgrade our industry's security. It's time for Quant Layer AI.
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