Coinsbuy Faces Reported $7.9 Million Crypto Hack Amid Rising 2026 Attacks

Coinsbuy reportedly suffered a $7.9 million crypto theft. Wallets linked to the crypto payments platform were drained across Ethereum (ETH) and Tron (TRX).  Blockchain investigator Specter Analyst first highlighted the incident through Telegram.

Coinsbuy Pauses Transfers After Reported Hack Specter Analyst said the attack occurred around 13:00 UTC. Coinsbuy temporarily paused deposits and withdrawals following the incident.

The platform has since resumed services, according to the report.  Follow us on X to get the latest news as it happens 🚨 Around 13:00 UTC, wallets linked to Coinsbuy were reportedly drained of more than $7.9M across Ethereum and TRON.h/t: @SpecterAnalyst via his Telegram channel https://t.co/ylCsdcEPCuThe attacker began laundering the stolen funds into Monero (XMR) through exchanges, while… pic.twitter.com/eANix8fQz9— Dark Web Informer (@DarkWebInformer) August 9, 2026 The attacker began moving the stolen assets through exchanges and converting the funds into Monero (XMR).

ChangeNOW also reportedly froze a six-figure amount linked to the stolen funds.