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Hackers Drain $8 Million From Crypto Exchange Across Two Blockchains

Hackers Drain $8 Million From Crypto Exchange Across Two Blockchains

An attacker drained more than $8 million from crypto platform Coinsbuy across the Tron and Ethereum networks on Sunday before moving most of the stolen funds, according to an analysis by blockchain investigator BlockWatchdog.

In a report posted on X, BlockWatchdog said the attack began on Tron with a 5 USDT test transaction. Minutes later, more than 6 million USDT was drained from eight Coinsbuy wallets. On Ethereum, another 1.89 million USDT and 77 ETH were taken from three wallets.

“On August 9, Coinsbuy identified a security incident that resulted in unauthorized withdrawals from several platform wallets,” Coinsbuy said in a statement shared with Decrypt. “The issue has since been contained, and our team…

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