Coinsbuy exchange hacked for $7.9M with stolen funds laundered to Monero.
Security & Exploits ·
Wallets associated with Coinsbuy experienced a drain totaling approximately $7.9M across TRON and Ethereum networks, according to security researcher Specter. The incident represents a significant loss affecting the exchange's operational wallets on both blockchains.
Following the theft, the attacker moved a portion of the stolen funds through several cryptocurrency exchange and conversion services. PeckShieldAlert documented deposits routed through ChangeNOW, FixedFloat, and BingX, suggesting an attempt to fragment and obscure the origin of the stolen assets across multiple platforms.
The full scope of the attack—including its initial vector, whether all funds were recovered, and Coinsbuy's response timeline—remains unclear from available reports. The routing through these intermediaries indicates ongoing laundering efforts, though the extent of successful asset concealment has not been disclosed.