Coinsph nawalan ng xrp , Mag-ingat - page 3.

gunhell16

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Quote from: mirakal on October 21, 2023, 04:29:42 AM

Quote from: nutildah on October 21, 2023, 02:30:06 AM

I was wondering why all withdrawals were suspended the other day... every type of withdrawal or cashout was suspended, not just crypto withdrawals (which I never do anyway b/c the fees tend to be way too high). These days I mostly just deposit pesos in Coins.ph and do my crypto exchange to pesos somewhere else... They are still the only app that allows me to send money to myself via M Lhuillier.

I'm not using coins.ph anymore since my account got banned, haha. I'm currently using Binance P2P. Regarding your observation, if they were operating normally, withdrawals shouldn't be suspended. This suggests that the hack might have already occurred yesterday, and they didn't make an immediate announcement.

Quote

I'm not sure I trust them too much anymore... Too bad since I had an account with them since 2016.

You should always exercise caution and wait for further developments. It's reassuring if they have a fund for the security of users' assets (SAFU) like Binance.

Hehehe, nabanned ba dude, congrats hahaha... pero joke lang yun ah, dati rin akong user ng coinsph, umalis ako dyan dahil hindi ko alam kung anong klaseng verification ang gusto nila sa level 3 and 4, samantalang nung time ng 2017 to 2018 parehas lang naman ng documents ID ang binigay ko, pagdating ng 3rd submission declined na ang putek.

Kaya nga sabi ko ng mga panahon na yun magkaroon lang talaga ng ibang options na tulad ng coinsph aalis na ako dyan, ayun dumating si gcash apps lipat agad ako. Hindi na kasi maganda ang serbisyo ng coinsph by that time, hanggang ngayon naman ata ganun parin mas lumala pa nga ata. Kaya yang ngyayari na sa kanila, natutuwa pa ako, malaking butas yan sa kanila na pwede nilang ikalubog ng barko. Kaya sa mga may oras pa na mailabas ang assets na meron kayo dyan ilipat nio narin sa ibang exchange o noncustodial wallets, its better to decide now tahn later na hindi muna magagawa.

bhadz

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Naipost ko din ito sa thread nila dito sa local natin: https://bitcointalksearch.org/topic/m.63029156

Quote from: nutildah on October 21, 2023, 02:30:06 AM

I was wondering why all withdrawals were suspended the other day... every type of withdrawal or cashout was suspended, not just crypto withdrawals (which I never do anyway b/c the fees tend to be way too high).

I was reading all of those posts that they've got on their Facebook account during that time of maintenance but they never highlight any reason for that. Many were annoyed by how long the maintenance took.

Quote from: nutildah on October 21, 2023, 02:30:06 AM

I'm not sure I trust them too much anymore... Too bad since I had an account with them since 2016.

I know what you feel, just like me, and others for sure feel the same way but it's because they're likely the easiest and most convenient to use.

Quote from: arwin100 on October 21, 2023, 04:29:48 AM

For now will continue to use coins.ph but just for immediate transfer on remittances or on direct to my bank account for cashing out.

Ako din gagamitin ko pa rin sila kahit na sinubukan ko yung hold USDC feature nila. Affordable amount lang naman dineposit ko doon at mukhang XRP lang naman affected dito. Antayin lang natin official statement nila o baka hindi na sila mag release niyan para makalimutan lang.

arwin100

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Quote from: nutildah on October 21, 2023, 02:30:06 AM

I was wondering why all withdrawals were suspended the other day... every type of withdrawal or cashout was suspended, not just crypto withdrawals (which I never do anyway b/c the fees tend to be way too high). These days I mostly just deposit pesos in Coins.ph and do my crypto exchange to pesos somewhere else... They are still the only app that allows me to send money to myself via M Lhuillier.

I'm not sure I trust them too much anymore... Too bad since I had an account with them since 2016.

The long downtime is unexpected and many got worried about that situation since this is the first time happen to them. Luckily I had my balance at BNB at never use XRP at that since if I choose to convert it with that crypto maybe I will get a problem. But luckily I manage to take out my balance and transfer it to my bank account that's why right now I decide that never put any huge balance on coin.ph again since we might know what will happen next after this hacking incident happened to them.

For now will continue to use coins.ph but just for immediate transfer on remittances or on direct to my bank account for cashing out.

mirakal

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Quote from: nutildah on October 21, 2023, 02:30:06 AM

I was wondering why all withdrawals were suspended the other day... every type of withdrawal or cashout was suspended, not just crypto withdrawals (which I never do anyway b/c the fees tend to be way too high). These days I mostly just deposit pesos in Coins.ph and do my crypto exchange to pesos somewhere else... They are still the only app that allows me to send money to myself via M Lhuillier.

I'm not using coins.ph anymore since my account got banned, haha. I'm currently using Binance P2P. Regarding your observation, if they were operating normally, withdrawals shouldn't be suspended. This suggests that the hack might have already occurred yesterday, and they didn't make an immediate announcement.

Quote

I'm not sure I trust them too much anymore... Too bad since I had an account with them since 2016.

You should always exercise caution and wait for further developments. It's reassuring if they have a fund for the security of users' assets (SAFU) like Binance.

peter0425

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Nauubos na nga ang users nila tapos eto pa ang mangyayari? mabuti nalang talaga na matagal na akong hindi nagiwan ng kahit singko sa Coins,ph .
though sometimes ginagamit ko pa din sila bilang medium dahil may mga purchase akong sa coins,ph lang ang pwede gamitin.
pero majority ng gamit ko ay either Gcash or PayMaya or PayPal.

12 million XRP meaning nasa 6 million dollars yon? grabe anlaki nito kung susumahin na kung XRP nawalan ng ganito kalaki eh pano pa ang Bitcoin at Etereum na malang next target na?

parang SUnod sunod na ang nangyayaring security issues sa Bansa, Nauna nung nakaraang linggo ay PhilHealth , then Congress and now Coins.ph naman .
wondering ano kaya ang susunod? ingat nalang tayo mga kabayan sa pag imbak ng mga coins natin.

nutildah

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I was wondering why all withdrawals were suspended the other day... every type of withdrawal or cashout was suspended, not just crypto withdrawals (which I never do anyway b/c the fees tend to be way too high). These days I mostly just deposit pesos in Coins.ph and do my crypto exchange to pesos somewhere else... They are still the only app that allows me to send money to myself via M Lhuillier.

I'm not sure I trust them too much anymore... Too bad since I had an account with them since 2016.

Russlenat

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Thanks for the update, OP. I've already shared this news on Facebook so that my friends who have accounts on coins.ph are aware of it; they're probably checking their balances right now. I'm interested in how this incident will affect coins.ph. Will they close shop, or will they continue with business as usual?

One thing is certain, though – the confidence of the users won't be the same anymore.

tech30338

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Quote from: mirakal on October 21, 2023, 12:45:58 AM

That's a significant hit for their exchange. The amount lost in this XRP hacking incident is equivalent to $6 million. I'd like to put that loss into perspective by comparing it to their annual revenue. From my research, they have...

Quote

Coins.ph's estimated annual revenue is currently $40.6M per year

https://growjo.com/company/Coins.ph

How are they planning to repay the amount lost? Their operations are definitely going to be impacted by this incident, and they'll likely be under investigation as well. Along the way, there might be some violations that could come to light, which is another problem for them.

So, OP is right; if we're using the local exchange, it might be a good idea to consider moving our funds from coins.ph.

We should, I also have funds in coinsph like a few dollars, but was unable to get that out, thankful already moved my bitcoin in coinsph, few years ago,
but we have also been warned before to never keep your funds on an exchange because we don't have control over it.
About how they are going to pay the holders is another discussion, they are not like binance, so we should wait for their announcement about the how they are going to cover the loses.

mirakal

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That's a significant hit for their exchange. The amount lost in this XRP hacking incident is equivalent to $6 million. I'd like to put that loss into perspective by comparing it to their annual revenue. From my research, they have...

Quote

Coins.ph's estimated annual revenue is currently $40.6M per year

https://growjo.com/company/Coins.ph

How are they planning to repay the amount lost? Their operations are definitely going to be impacted by this incident, and they'll likely be under investigation as well. Along the way, there might be some violations that could come to light, which is another problem for them.

So, OP is right; if we're using the local exchange, it might be a good idea to consider moving our funds from coins.ph.

tech30338

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Defend Bitcoin and its PoW: bitcoincleanup.com

Nawalan ng 12 million xrp ang coinsph sa incident na ito na medyo kakaiba xrp lang ang nawala subalit ang ibang coins ay hindi naman nadamay
pinadala ang tokens sa OKX at whitebit na exchange, Orbitbridge, simpleswap, changeNow and fixfloat,
Mixed ang tingin ko dito maaring inside job or meron tlga security breach na nangyare, kung ganeto maaring nasa panganib din ang ibang coins na naandito sa coinsph, matagal na akong nagtrade dito, pero ngaun hindi ko na maopen ang wallet ko or account, kung isa ka sa may mga coins dito or funds
I suggest na ilipat mo muna, sunod sunod na kasi ang breach na nangyayare, di malabo na pati ang ibang coins mawala din.
Narito ang balita, sana ay maalarma neto ang may mga funds, ingat tayo guys, anung tingin ninyo dito?
https://www.theblock.co/post/258701/philippines-based-exchange-coins-ph-appears-to-have-lost-12-2-million-xrp-in-possible-exploit

Topic: Coinsph nawalan ng xrp , Mag-ingat - page 3. (Read 368 times)