Wallets connected to crypto payment processor Coinsbuy were drained of approximately $7.9 million across Ethereum and TRON networks on August 9. The attacker likely gained access to hot wallet private keys or administrator privileges, enabling cross-chain asset movement. Stolen funds were traced moving through exchanges like ChangeNOW, FixedFloat, and BingX, with some converted to privacy coin Monero; ChangeNOW froze a six-figure amount. Coinsbuy paused deposits and withdrawals temporarily but resumed services without disclosing detailed loss or customer impact. Security researchers continue investigating the attack vector and fund recovery possibilities.
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