A crypto exchange called Coins.ph, operating in the Philippines and some other Asian countries and ranked 43rd in the world’s exchange rankings according to CoinGecko data, experienced an attack resulting in the theft of 12.2 million XRP tokens (approximately $6.3 million in value). After obtaining these tokens, the attackers transferred them to different crypto exchanges.
Attackers Transferred the Stolen Tokens to Different Exchanges
It was determined that the attackers sent the stolen XRP tokens to crypto exchanges such as OKX, the European-based crypto-fiat exchange WhiteBIT, cross-chain exchange OrbitBridge, crypto exchange SimpleSwap, and two different non-custodial exchanges, ChangeNOW and Fix.
However, WhiteBIT exchange quickly noticed the situation and immediately froze the 445,000 XRP sent by the attackers. Additionally, it is reported that information has been provided to companies like Cristal and Chainalytics to track the addresses associated with the stolen cryptocurrencies.
SEC Withdraws Allegations Against Ripple Labs
XRP continues to stay in the spotlight in recent days. According to recent news, the U.S. Securities and Exchange Commission (SEC) announced that it had withdrawn its $1.3 billion lawsuit allegations against Ripple Labs from 2020, and shortly after this decision, the XRP token surged by over 6%.
Source: The Block