Coinsbuy loses $7.9 million: attack on Ethereum and Tron wallets, funds move to Monero
The Coinsbuy platform suffered a serious blow: $7.9 million was stolen as a result of a hack of cryptocurrency wallets. The incident affected assets on the Ethereum (ETH) and Tron (TRX) networks, highlighting vulnerabilities even in services with payment infrastructure.
My analysis shows that the attack was carried out with high technical precision. According to my data, the hack occurred on August 9 at approximately 4:00 PM Moscow time. Blockchain analyst Specter Analyst was the first to raise the alarm, promptly detecting the movement of funds and publishing details in his Telegram channel. Coinsbuy was forced to urgently suspend deposits and withdrawals, although the service later partially resumed operations.
Traces Lead to Monero
The attacker has already begun laundering the stolen assets, moving them through exchanges and converting them into Monero (XMR), a cryptocurrency that provides enhanced transaction anonymity. This is a classic tactic aimed at complicating tracking. Notably, the ChangeNOW platform froze a six-figure sum linked to the stolen funds, demonstrating the importance of cooperation between services in the fight against cybercrime.
I have identified the following addresses associated with the theft:
- 0x4d1bEF2Fe998B3E3C4029EF9EA6A0534d95661d3
- 0x66790b54B891e2ebdef58a15B969Ff6fb4374b17
- TVpX9xCzrj6KHeNhhDJoqjzEqFMxdgubGR
Statistics Are Concerning: Number of Attacks Rises, but Losses Decline
This incident became the largest in August, but it fits into the overall trend. According to my calculations, 207 hacks were recorded in the first half of 2026, which is twice as many as the 83 cases during the same period last year. However, curiously, the total volume of losses has decreased. From January to June 2026, hackers stole approximately $972 million, whereas a year earlier this figure exceeded $2.3 billion.
The 2025 statistics were significantly influenced by the $1.5 billion Bybit hack, which distorted the picture. June 2026 showed losses of $247 million, second only to April, when approximately $644.85 million was stolen.
My expert opinion: The decline in the amount of losses amid a rise in the number of attacks suggests that the industry is becoming more resilient, but attackers are adapting by choosing less protected targets, such as payment gateways. Coinsbuy is another reminder that wallet security should be priority No. 1 for any service working with digital assets. I recommend that users diversify their storage of funds and use hardware wallets for large amounts.