Crypto Gateway CoinsPaid Loses $7.5M in Hacker Attack
Main page News, Hacker Attack, Cryptocurrency
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8 January

CoinsPaid, a cryptocurrency payment gateway, has reported that it has lost nearly $7.5 million as a result of the second security incident in 6 months.

Attackers reportedly conducted multiple irregular unauthorized transactions last January 6 amounting to $6.1 million in Tether, Ether, USD Coin and CoinsPaid's native CPD token, as detected by artificial intelligence system Cyvers.

According to Cyver, the attacker exchanged around 97 million CPD tokens ($368,000) for ETH, and then moved the funds to externally owned accounts (EOA) and crypto exchanges MEXC, WhiteBit and ChangeNOW.

However, the company eventually increased the amount of stolen funds to $7.5 million after detecting unauthorized transactions with BNB worth more than $1 million.

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