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More than $7.9 million in unauthorized withdrawals drained from Coinsbuy in a Sunday security breach, according to an onchain investigator's estimate.
The exchange posted a $100,000 reward and said it covered all affected client funds.
Reward relative to estimated losses | Metric | Figure | Source | |---|---|---| | Estimated theft | $7.9M | Onchain investigator | | Reward posted | $100,000 | Coinsbuy | | Client coverage | Full (self-reported) | Coinsbuy | The $100,000 bounty equals roughly 1.3 cents per dollar of the investigator's $7.9 million figure.
Coinsbuy confirmed unauthorized withdrawals occurred and labeled its client reimbursement as complete.
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