According to Coins.ph (@coinsph), there is a renewed wave of scam texts targeting cryptocurrency traders and investors, specifically those using the CoinsPH platform. The official warning urges users to verify all sources before clicking links and to never share sensitive information such as OTPs, passwords, or usernames, even if the request appears to come from CoinsPH representatives. This heightened scam activity increases the risk of account breaches and digital asset theft, which can directly impact trading volumes, user trust, and crypto market liquidity. Traders are advised to implement enhanced security measures and remain vigilant to protect their holdings and prevent potential market disruptions. Source: Coins.ph official Twitter, May 12, 2025.

According to ZachXBT, all Gate.io withdrawals were consolidated into a single Ethereum address (0x4f9051a58b416eaa0216081d7030679f17e9b069) before being split into two parts. Notably, a portion of these funds was quickly cashed out using Remitano, a popular peer-to-peer (P2P) crypto platform (source: ZachXBT, Twitter, May 9, 2025). This movement highlights increased risks of rapid fund off-ramping following exchange withdrawals, which is significant for traders monitoring potential illicit flows and market liquidity pressure. The pattern may influence short-term volatility as large sums move off centralized exchanges and into less traceable channels.