Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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Coins.ph, a crypto exchange based in the Philippines, reportedly lost 12.2 million XRP tokens ($6 million) in what appears to have been an exploit on Tuesday. A hacker is said to have sent XRP tokens through various exchanges and destinations, including OKX, WhiteBIT, OrbitBridge, SimpleSwap, and ChangeNOW, among others. The exchange’s wallet was apparently activated by BitGo, a US-based crypto custody firm. A source familiar with the matter confirmed the security incident to news outlet The Block. The heist was executed within 30 minutes, during which the hacker exchanged 999,999.999 XRP lots 13 times.

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