Hackers Drain $8 Million From Crypto Exchange Across Two Blockchains
Coinsbuy had not publicly explained how the attacker gained access at the time but said the company is "conducting a thorough investigation to establish exactly what happened."
"To support the investigation, we are also launching an initiative to catch those responsible for this incident—a $100,000 reward for information that leads to their identification," Coinsbuy said. "An additional bonus will also be available for any assistance leading to the recovery of the stolen funds."
The news comes amid a string of major crypto hacks in recent months. DeFi protocols lost more than $840 million to hacks in the first five months of 2026, according to DeFiLlama.
In July, attackers stole $24 million from Arbitrum-based AFX Trade after exploiting a bridge operated by the decentralized exchange. Earlier that month, decentralized exchange Ostium lost $18 million after an attacker compromised an oracle key.
This article has been published in decrypt.co via Yahoo News.
Hackers Drain $8 Million From Crypto Exchange Across Two Blockchains
The attacker moved funds across Tron and Ethereum before routing millions through crypto exchanges, while later wallet activity offers clues about how the breach occurred.
finance.yahoo.com
