Coinsbuy Wallet Hack: $7.9M in USDT Moved, Converted to Monero
Blockchain security firm PeckShield reports that wallets linked to Coinsbuy lost $7.9 million in USDT. The attacker moved funds through ChangeNOW, FixedFloat, and BingX, then swapped to Monero (XMR).
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Around $7.9 million in USDT was withdrawn from wallets associated with the Coinsbuy platform, using both the TRON and Ethereum blockchains.
According to on-chain security firm PeckShield, the hacker routed a portion of the stolen funds through instant exchanges ChangeNOW and FixedFloat, as well as the BingX platform. The funds were then progressively converted into Monero (XMR).
No additional details about the exploit method or the affected parties have been disclosed at this time.
Source: ForkLog