Coinsbuy Hacked for Over $8 Million as Crypto Theft Spree Continues

Cryptocurrency exchange Coinsbuy suffered a weekend attack that resulted in more than $8 million being stolen from the platform.

The coordinated assault occurred across both TRON and Ethereum blockchains on Sunday (Aug. 9), with researchers citing on-chain data reviewed by blockchain security experts to support their claims.

According to CoinDesk, the attacker initiated the breach with a single USDT transaction before siphoning 6.04 million of the dollar-pegged stablecoin from eight TRON wallets in under an hour. On Ethereum, three wallets were simultaneously emptied of 1.89 million USDT and 77 ETH.

The company quickly replenished the drained wallets to within 0.05% of their pre-attack balances within 24 hours, indicating that private keys may not have been compromised.