Wallets linked to crypto processing platform Coinsbuy were drained of more than $7.9 million across Ethereum and TRON, according to monitoring by Specter cited by BlockBeats on Aug. 10. The stolen assets were then laundered into XMR through exchanges, the report said. Coinsbuy said it was able to freeze a six-figure portion of the stolen funds with support from ChangeNOW. The platform also temporarily halted deposits and withdrawals after the incident, though those services have since resumed. Coinsbuy describes itself as a cryptocurrency processing platform serving business users, including enterprises, merchants, and exchanges. The incident adds to the list of cross-chain theft cases in which attackers moved funds quickly and used exchange routes to obscure trails after the initial exploit.
Wallets linked to Coinsbuy were drained of more than $7.9 million on Ethereum and TRON, according to Specter monitoring cited by BlockBeats on Aug. 10. The attackers later laundered the stolen funds into XMR through exchanges.
Coinsbuy said that, with support from ChangeNOW, it had successfully frozen a six-figure amount of the stolen assets. After the incident, the platform temporarily suspended deposit and withdrawal services. Those services have now been restored.
Coinsbuy is a cryptocurrency processing platform that mainly serves business users, including enterprises, merchants, and exchanges.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
