On Friday, The Block [reported](https://www.theblock.co/post/258701/philippines-based-exchange-coins-ph-appears-to-have-lost-12-2-million-xrp-in-possible-exploit) that CoinsPh, a cryptocurrency exchange based in the Philippines, may have been hacked with 12.2 million XRP lost. 

According to the report, the alleged hack occurred within about 30 minutes. Data from XRP Scan showed that 13 million XRP were traded over several transactions, with one being unsuccessful. 

After obtaining 12.2 million XRP tokens, worth $6 million USD, the tokens were sent to various destinations, including OKX, WhiteBIT, OrtbitBridge, SimpleSwap, ChangeNOW, and Fixed Float.

CoinsPh is the leading crypto exchange in the Philippines with over 16 million users. 

Although it has not issued an official statement, CoinsPh has been responding to customers on its [Facebook](https://www.facebook.com/coinsph) page, assuring them that assets are protected and all its services are available. 



Coins.ph appeared to have lost over 12 million XRP tokens


Mon Oct 23 2023

The Block: Philippines’ Coins.ph May Have Lost $6 Million in Hack

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Mon Oct 23 2023 The Block: Philippines’ Coins.ph May Have Lost $6 Million in Hack

FTX Creditors File Class Action Against Bankruptcy Law Firm

Revolut to Distribute $1.2 Million in BONK

Starknet Foundation’s Plan to Distribute STRK Token

The Korea Times: South Korea to Remove ‘Unfit’ Crypto Exchanges

DecenTrader Founder Notes Bearish Signal

Revolut to Distribute $1.2 Million in BONK

Mon Oct 23 2023

The Block: Philippines’ Coins.ph May Have Lost $6 Million in Hack