Crypto service Coinsbuy hacked, loses $7.9 million

cryptonews.ruPublished on 2026-08-10Last updated on 2026-08-10

Abstract

Cryptocurrency service Coinsbuy suffered a hack, losing approximately $7.9 million. Security firm PeckShield suggested the breach may have been caused by compromised private keys or a critical infrastructure vulnerability. The stolen funds were drained simultaneously from hot wallets on the Ethereum and Tron networks. The attacker subsequently began splitting the assets and moving them through exchange services like FixedFloat, ChangeNOW, and BingX, converting a portion into the privacy-focused cryptocurrency Monero. The Coinsbuy team, in collaboration with ChangeNOW, managed to freeze some of the stolen assets before they could be fully withdrawn. Coinsbuy stated that gateway operations were temporarily suspended for several hours due to frozen deposits and withdrawals, but all services have now been restored and are functioning normally. This incident follows recent reports from PeckShield and blockchain researcher ZachXBT about a hack on the cross-chain exchange protocol THORChain, which resulted in an estimated loss of $10 million.

PeckShield suggested that the cause of the hack could have been a compromise of private keys or a critical vulnerability in the service's infrastructure. The funds stolen from Coinsbuy's hot wallets were withdrawn simultaneously from the Ethereum and Tron networks.

The attacker then began splitting the assets and transferring them through exchange services, including FixedFloat, ChangeNOW, and BingX, converting part of the funds into the anonymous cryptocurrency Monero.

The Coinsbuy team, together with the crypto exchange platform ChangeNOW, managed to block part of the stolen assets before they could be fully withdrawn.

Coinsbuy stated that the gateway's operation was suspended for several hours due to the freezing of deposit and withdrawal operations, but currently all services have been restored and are operating normally.

Earlier, analysts from PeckShield and an anonymous blockchain researcher ZachXBT reported a hacker attack on the decentralized cross-chain exchange protocol THORChain. The damage from the hack was estimated at approximately $10 million.

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