news Cloud Crypto Desk 2026-08-20

Crypto Exchange Coinsbuy Loses $8 Million in Under an Hour

Centralized crypto exchange Coinsbuy suffered a security breach on August 9, losing more than $8 million in a coordinated multi-chain attack spanning Tron and Ethereum wallets. Blockchain investigators noted that the attacker utilized small test transactions before rapidly draining funds and laundering them through cross-chain services. The platform subsequently confirmed the unauthorized withdrawals.

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