Crypto Exchange Coinsbuy Loses $8 Million in Cross-Chain Attack
Cryptocurrency exchange Coinsbuy suffered an $8 million loss following a coordinated exploit spanning the TRON and Ethereum blockchains.
Cryptocurrency exchange Coinsbuy lost approximately $8 million in a coordinated exploit targeting both the TRON and Ethereum blockchains, according to onchain forensics data.
Investigators linked the breach to a single malicious actor. The majority of the stolen funds were subsequently routed through the FixedFloat platform to obscure their trail. As of publication, the exact attack vector utilized by the perpetrator remains unknown.
Further details regarding the vulnerability exploited in the incident have not yet been disclosed by security researchers or the exchange.
Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.
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