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Aug 10, 2026

Coinsbuy Suffers $7.9 Million Cross-Chain Hack with Funds Laundered Through Monero

Crypto payment processor Coinsbuy was hit by a security breach on August 9, 2026, draining over $7.9 million from wallets across Ethereum and TRON networks. The attacker converted stolen assets into Monero, a privacy-focused cryptocurrency that complicates transaction tracing.

Aug 10, 2026·8 sources
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Top claims

  • ▪The attacker routed the stolen Coinsbuy assets through exchanges, including ChangeNOW, FixedFloat, and BingX, to convert them into the privacy-focused cryptocurrency Monero.
  • ▪Coinsbuy restored its deposit and withdrawal services a few hours after the suspension, though the platform did not immediately publish a detailed technical postmortem.
  • ▪The Coinsbuy security breach represents the first publicly known hack of the business-focused payment platform since its launch in approximately 2019.

Topics

Privacy coinsBlockchain interoperabilityCrypto securityCrypto

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