Phemex is gradually restoring the withdrawal functions for USDT and USDC

ChainCatcher news, the CEO of the encrypted exchange Phemex, Federico0x, stated on social media that the platform is gradually restoring the withdrawal functions for USDT and USDC. All applications will be manually reviewed by the security team, which may require some waiting time.

In addition, Phemex has taken a snapshot of user balances at 12 PM UTC and will launch a reward program in the future to thank users for their support and loyalty. The Bitcoin withdrawal function will also be opened soon, and the Bitcoin wallet has not been affected by this incident.