PANews reported on January 24 that according to the CEO of crypto exchange Phemex, the platform is gradually restoring the withdrawal function of USDT and USDC. All applications will be manually reviewed by the security team, which may require a certain amount of waiting time. In addition, Phemex has taken a snapshot of user balances at 12 noon UTC time, 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 Bitcoin wallets have not been affected by this incident.