Phemex hack fund tracker
2025-01-23 · about $85.0M stolen · Hot wallet key compromise
First stop for the funds
Where transfers out of the tagged wallets went first, valued on the day of each transfer.
When the funds moved
Value moved out of the tagged wallets each month (transfers of $10K or more).
Funds trail, step by step
| Step | Went to | Value |
|---|---|---|
| 1st hop | Plain wallets | $716K |
| 1st hop | Contracts (swap services, bridges, other apps) | $57K |
| 2nd hop | Plain wallets | $64.5M |
| 2nd hop | Contracts (swap services, bridges, other apps) | $27.9M |
The 2nd hop follows ETH sent on by the 10 wallets that received the most in the 1st hop. Funds can pass through the same wallets more than once, so these totals can be larger than the amount stolen. “Contracts” are smart contracts such as swap services, bridges and other apps without a public label in our lists; “plain wallets” are ordinary addresses. Laundering usually runs through many of both, and through other chains we don’t follow.
Wallets that received the most
| Wallet | Received from attacker | ETH there now |
|---|---|---|
| 0x140dea…89661f | $716K | 0.00 |
| 0xfe837a…c4dffc contract | $37K | 0.00 |
| 0x6bb000…0c0000 contract | $20K | 0.00 |
Latest transfers out of the attacker wallets
| When | Coin | Amount | Value then | To |
|---|---|---|---|---|
| 2025-01-24 21 months ago |
ETH | 214.34 | $716K | 0x140dea…89661f |
| 2025-01-24 21 months ago |
FXS | 3,681 | $10K | Contract |
| 2025-01-24 21 months ago |
GUSD | 10,000 | $10K | Contract |
| 2025-01-24 21 months ago |
COW | 31,718 | $20K | Contract |
| 2025-01-24 21 months ago |
WLD | 7,256 | $16K | Contract |
Tagged attacker wallets (1)
| Etherscan tag | ETH now |
|---|---|
| Phemex Exploiter 2 | 0.00 |
Hack date, amount and method: DefiLlama hacks database. Attacker wallets: public Etherscan tags. Transfers read from the Ethereum blockchain, last updated 2026-10-27 12:39 UTC. Only ETH and tracked tokens are valued; transfers under $10K are left out. Information only. We don’t recover funds or identify people.
Questions
Where did the stolen Phemex funds go?
From the 1 wallets Etherscan tags as the Phemex attacker, we see $716K to plain wallets. Most funds pass through further wallets after the first hop, so this shows the first step only.
How much is still in the Phemex attacker wallets?
About $0 in ETH and tracked tokens, read from the blockchain on 2026-10-27T12:39 UTC.
How much was stolen in the Phemex hack?
DefiLlama's hacks database records about $85.0M lost on 2025-01-23 (hot wallet key compromise).
Does Deep Blue Alpha recover stolen funds?
No. We show public on-chain transfers from wallets that Etherscan has tagged. We don't trace funds beyond what is shown, recover assets, or identify people.
