Coinsbuy offers $100K reward after Sunday security breach
Coinsbuy, a Panama-based crypto payments platform, suffered a security incident on Aug. 9 involving unauthorized withdrawals from several platform wallets on Ethereum and TRON. Blockchain investigator SpecterAnalyst reported that more than $7.9 million was drained, with attacker activity later moving funds toward Monero via exchanges; ChangeNOW reportedly froze part of the stolen assets. Coinsbuy briefly paused deposits and withdrawals, then restored services. The company said it fully covered all affected client funds from its own reserves, so users did not lose money, but it has not confirmed the reported loss amount. It is still investigating and has not released technical details yet. Coinsbuy also offered a $100,000 reward for information identifying the attackers, plus an extra bonus for recovery of the stolen funds.
