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$7.9M stolen from Coinsbuy wallets on Ethereum and TRON, attacker moves funds toward privacy coin Monero

Market News
10 Aug 2026
Coinpaper
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Bearish
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Wallets linked to crypto payment processor Coinsbuy were drained of about $7.9 million across Ethereum and TRON blockchains. The attacker quickly moved stolen funds through exchanges and began converting them to Monero, a privacy-focused cryptocurrency, to obscure the trail. Security firms identified several exchanges involved in receiving the stolen assets and managed to freeze part of the funds. Coinsbuy has not yet disclosed how the breach occurred, the nature of the stolen funds, or any reimbursement plans, leaving many questions unanswered.

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