Crypto Exchange Coinsbuy Loses $8 Million in Coordinated Attack Across Tron and Ethereum
Crypto exchange Coinsbuy lost $8 million in a coordinated attack spanning two blockchains, according to CoinDesk.
Decrypt reported that the attacker moved funds across both Tron and Ethereum before routing millions through crypto exchanges. Later wallet activity tied to the breach is offering clues about how the attack was carried out, according to Decrypt.
Neither outlet has disclosed how the attacker initially gained access to Coinsbuy’s funds. Details on the exchange’s response, including whether it plans to reimburse affected users, have not been reported.
This article is for information only and is not financial advice.
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