Ok that looks like a bug.
You are exporting a fixed IP, or?

Open the file phex.cfg with a simple editor like Notepad. You also find this file in the folder C:\Documents and Settings\<username>\phex

Delete the row starting with:

mMyIP=

This removes the fixed IP.
Save the file, close the editor and start Phex again. It should now work.

Do you need the fixed IP? Usually Phex should also work fine without it, and detect the IP once you connect to other hosts.

Gregor

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