#Meme #etf #gbtc #fomo #sbf October 20, 2023, hackers attacked Coins.ph, one of the largest crypto exchanges in the Philippines. The hackers moved 12 million XRP tokens to various exchanges, including OKX, WhiteBIT, and OrbitBridge.

The stolen XRP tokens were worth around $6.4 million. Following the hack, WhiteBIT moved to block the 445,000 XRP tokens. The hack followed several network exploits in the past few months.

Meanwhile, XRP’s popularity has risen in the past few months following its ongoing lawsuit. After a summary judgment on July 13, many crypto firms increased their XRP holdings. This could have been why Coins.ph was holding a large stash of XRP tokens.

After its victory on July 13, XRP had risen to $0.81. Yet, by October 23, XRP had fallen by 33.3% to $0.54. As XRP’s lawsuit rages on, analysts say a positive outcome will bring a rally for the token. If XRP wins its lawsuit against the SEC, it could rise by 53.7% to $0.83.