Blockchain investigators, including SpecterAnalyst and PeckShield, tracked the stolen assets across several exchanges, noting that some funds were converted into the privacy-focused cryptocurrency Monero to obscure further movement. While ChangeNOW reportedly froze a portion of the stolen capital, the exact amount recovered remains undisclosed. Coinsbuy has confirmed that user balances were replenished within 24 hours of the incident, though it continues to withhold specific technical details regarding the breach.
In section Cryptocurrency
Coinsbuy Offers $100,000 Bounty Following $7.9 Million Wallet Breach
After unauthorized withdrawals drained an estimated $7.9 million from its Ethereum and TRON wallets on August 9, Panama-based crypto payments firm Coinsbuy has launched a $100,000 bounty for information identifying the attackers. The company has since restored platform operations and pledged to cover all losses from its own corporate reserves.
Security firm GoPlus Security suggested the activity aligns with compromised hot-wallet keys or unauthorized administrative access, yet Coinsbuy has not verified an attack vector. Unlike recent industry trends where platforms negotiate with hackers for asset returns, this bounty specifically targets the identification of the perpetrators. With no U.S. authorities publicly involved in the case, the company maintains that it will release further findings only after an independent verification process is complete.
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