Crypto exchange Coinsbuy loses $8 million in coordinated two-blockchain attack
60-second summary
A coordinated two-blockchain attack is draining $8 million from Coinsbuy, with onchain forensics tracing the funds to a single actor. The majority of the stolen funds are being routed through FixedFloat, a cryptocurrency payment service. The attack vector remains unknown, and the incident highlights the ongoing vulnerability of cryptocurrency exchanges to sophisticated hacking attempts.
Onchain forensics tie a single actor to an $8 million coordinated drain across TRON and Ethereum, with most funds routed through FixedFloat and the attack vector still unknown.