China’s Pony AI Pursues $4.55 Billion Valuation in Ambitious US IPO to Lead Robotaxi Surge 
What’s Driving Charles Schwab Toward Spot Crypto Trading? Trump’s Regulatory Shift and $100K Bitcoin Answer 
Shiba Inu Scam Warning Shocks Community: Fraudsters Use Fake Tokens to Exploit Shibarium Enthusiasts 
Shiba Inu’s Kusama Strikes Back at Critics, Declares 'Send SHIB to the Moon' Mission Is on Track 
South Korea’s $36K Crypto Tax Threshold Sparks 2025 Battle: 20% Gains Levy in the Crossfire 
Why Bitcoin’s Rally Has Traders Eyeing $135K Amid Trump’s Crypto Policy Push and ETF Boom 
Bitcoin ETFs Hit $104 Billion, Outpacing Gold ETFs in Growth Amid Post-Election Market Optimism 
Dogecoin Soars 16.8% After Musk’s Alien Meme Shakes Up X: What It Means for Crypto 
Whales Dive In: XRP's Path to $3 Accelerates with Gensler’s Exit 
Bitcoin Soars Past $98,000, Catapults Satoshi Nakamoto Into World's Top 20 Billionaires 
Solana Hits $262 ATH Amid $35M Whale Buys—Could $5,000 Be Next? 
HBAR, OM, and APE Tokens Gear Up for Rally as Binance Reveals Major Trading Pair Expansion 
5 Crucial Metrics Shaping Ethereum’s Next Move: Whale Activity and Network Growth in Focus 
Ether Price Rises Despite $1.3B Whale Sell-Off, Targets $3,700 Breakout 
Nvidia's AI Production Bottlenecks Spark Debate as Demand Skyrockets Beyond Supply Limits 
FxWirePro- Major Crypto levels and bias summary 
The Department of Justice (DOJ) of the Philippines has charged two Russian citizens with stealing XRP cryptocurrency from a local cryptocurrency exchange. The theft is worth PHP340 million ($6.2 million).
To commit the theft, the suspects are said to have hacked into the system of Coins.ph. Even though there are continuous attempts to counteract these dangers, the Department of Justice underlined the significance of remaining vigilant against cybercrime.
According to the Department of Justice of the Philippines, Russia has been accused of stealing 340 million Philippine pesos in cryptocurrency.
An announcement was made by the Department of Justice (DOJ) of the Philippines last week that criminal charges have been brought against two Russian nationals for the theft of XRP cryptocurrency from a local dealer. The amount of money stolen is roughly $6.2 million, equivalent to PHP340 million.
According to the charges that were presented to the Taguig Regional Trial Court, the defendants, Vladimir Evgenevich Avdeev and Sergey Yaschuck, are being accused of violating Republic Act No. 10175, which is the Cybercrime Prevention Act of 2012.
Two individuals named Avdeev and Yaschuck, who had previously worked as consultants for the cryptocurrency exchange Coins.ph, which Betur Inc. owned, are suspected of breaking into the company's computer systems and stealing 12.2 million XRP, which had a value of more than PHP340 million.
After observing unusual login activity, Coins.ph, a company that handles remittances, money transfers, and foreign currency exchanges, discovered the security compromise. During the platform's investigation, it was discovered that the suspects fully understood the network infrastructure and security measures.
On behalf of the Department of Justice, Justice Secretary Jesus Remulla underlined the department's dedication to upholding the rule of law in cyberspace.
He stated: "It is the Department of Justice's mandate to ensure that the Rule of Law is upheld at all times, and this extends even in cyberspace." He emphasized the significance of remaining vigilant and warned against cybercriminals' ever-evolving strategies to take advantage of technical breakthroughs.
Avdeev is being charged with 23 counts of cybercrime, and his bail has been set at PHP120,000 per count. Yaschuck is being charged with three charges, and his bail terms are the same. According to the allegations, the suspects attempted to conceal their involvement in the theft by laundering the cash through a variety of cryptocurrency platforms to escape detection.
