Coinsbuy offers $100K reward after Sunday security breach
60-second summary
Coinsbuy is offering a $100K reward after a Sunday security breach, covering all affected client funds. An onchain investigator estimates more than $7.9 million was stolen. The breach highlights vulnerabilities in cryptocurrency exchanges, prompting concerns about the security of user funds and the need for enhanced protection measures to prevent similar incidents in the future.
Coinsbuy said it covered all affected client funds after unauthorized withdrawals, while an onchain investigator estimated more than $7.9 million was stolen.