Outage in Coins.ph

$MKR Token Migration

Resolved Minor
September 14, 2025 - Started about 1 month ago - Lasted 7 days
Official incident page

Incident Report

Coins.ph will be supporting the $MKR token swap and rebranding to $SKY. In line with this, kindly be informed of the following timeline. September 15, 2025, 11:00 PHT - Maker (MKR) network deposits and withdrawals will be disabled. - $MKR token Spot Trading and Convert will be disabled. September 18, 2025, 16:00 PHT - SKY (SKY) network deposits, convert and spot trading will be enabled. - A system-initiated 1:24,000 swap will be carried out converting all $MKR tokens for Coins users to the newly rebranded $SKY token. Please note that any $MKR deposits made after September 15, 2025, 11:00 PHT may result in loss of funds. If you prefer not to participate in the migration, please ensure that you withdraw your MKR tokens before the start of the migration.

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Latest Updates ( sorted recent to last )
RESOLVED 26 days ago - at 09/22/2025 10:33AM

This incident has been resolved.

INVESTIGATING about 1 month ago - at 09/15/2025 03:09AM

Coins.ph will be supporting the $MKR token swap and rebranding to $SKY. In line with this, kindly be informed of the following timeline.

September 15, 2025, 11:00 PHT
- Maker (MKR) network deposits and withdrawals will be disabled.
- $MKR token Spot Trading and Convert will be disabled.

September 18, 2025, 16:00 PHT
- SKY (SKY) network deposits, convert and spot trading will be enabled.
- A system-initiated 1:24,000 swap will be carried out converting all $MKR tokens for Coins users to the newly rebranded $SKY token.

Please note that any $MKR deposits made after September 15, 2025, 11:00 PHT may result in loss of funds. If you prefer not to participate in the migration, please ensure that you withdraw your MKR tokens before the start of the migration.

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