Millions gone – There decentralized finance has long been a prime prey for hackers. However, the latter now seem to be turning towards their centralized alter ego. Thus, a platform based in the Philippines lost several million XRP tokens during a hack.
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$6.3 million in XRP stolen in hack
Tuesday October 17, the exchange platform Coins.ph, based in the Philippines, was the target of a major hack. In total, the attackers managed to steal more than 12 million XRP tokens, or just over $6 million.
Thus, in a period of 30 minutes, the hacker carried out a ten withdrawals of 1 million XRPas data from XRP Scan shows.
After acquiring the tokens, the hacker quickly exchanged them. For this, he used several DeFi protocols and CEX platforms.
He went through the protocols OrbitBridge, SimpleSwap as well as exchange platforms OKX, WhiteIBT, ChangeNOW or Fixed Float.
Now, Coins.ph is teaming up with the exchanges used by the hacker to try to recover part of the funds.
It seems like WhiteBIT successfully intercepted and blocked 445,000 XRP which transited on its platform.
For its part, radio silence at Coins.ph. No announcement was made on their Twitter account or on their blog. A surprising situation to say the least after losing 6 million dollars.
On Ripple’s side, this incident will not spoil the party. In fact, last week, the SEC has apparently capitulated in its legal battle with Ripple.
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