1/ @AFX_XYZ@Phemex_official
🚨 Day 6.
$24 million of user funds are still gone.
Why are you still silent?
When will you finally make the victims whole?
Or are you counting on people simply giving up?
1/ 🚨
Major on-chain analysts are watching.. including @zachxbt and @SpecterAnalyst.
Four days after $24M disappeared from AFX, both @AFX_XYZ and @Phemex_official remain completely silent.
Users trusted AFX with their money.
Was that trust systematically abused... and is it possible that Phemex-linked personnel were involved in what effectively became a rug?
🚨 BREAKING
1/
New evidence linking @AFX_XYZ and @Phemex_official
Both platforms use the exact same unusual server-naming convention:
https://t.co/t1PmH4AkYp + https://t.co/a9jCqTNQNN
https://t.co/cTSNQxbBsJ + https://t.co/kD7u1JEMMV
https://t.co/uVskswsKlI + https://t.co/04IcCCDlpV
https://t.co/RmY3ws75yw + https://t.co/tNczP12FEd
On both domains, api1 through api9 simply don’t exist. The numbering jumps straight to 10.
**Public evidence linking AFX_XYZ to Phemex_official:**
- RootData explicitly lists Phemex as AFX’s parent company.
- Team ties: AFX growth director Ken previously bio’d as “Head of Listing phemex_official”. Other AFX team follows multiple Phemex staff.
- Phemex blog ran multiple AFX promo articles (e.g. “Top 5 Perpetual DEXs”, anti-fragility pieces) — many now deleted/scrubbed but cached.
- Similar branding (green-turquoise gradients on black). Phemex News actively covers the AFX exploit in detail.
- No clear public GitHub commit overlap or shared repos found. Domain history links thin/unconfirmed.
**Compensation assessment:**
Phemex is financially positioned to cover the ~$24M. It maintains 130%+ PoR ratios (recent reports), claims a full-compensation policy, and previously handled a larger ~$70M hot-wallet incident without user cold-wallet losses. As alleged parent, it has operational capacity and reserves to absorb/facilitate repayment if it chooses. AFX is separate DeFi; any cover would be voluntary corporate support, not guaranteed. Phemex has the balance sheet strength.