Coinsbuy offers $100K reward after Sunday security breach
Coinsbuy said it covered all affected client funds after unauthorized withdrawals, while an onchain investigator estimated more than $7.9 million was stolen.
Coinsbuy, a crypto payments platform based in Panama, announced a $100,000 reward for information leading to the identification of the attackers following a security breach on August 9. The incident resulted in unauthorized withdrawals from several wallets, with an onchain investigator estimating that over $7.9 million was stolen from the platform.
Wallets on Ethereum and TRON were reportedly targeted, and the funds were moved into Monero through exchanges. Coinsbuy temporarily halted deposits and withdrawals before restoring services. The company confirmed covering all affected client funds from its own reserves, ensuring users did not experience financial losses. The platform is currently investigating the incident and will disclose technical details only after the investigation is complete and findings have been verified.
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