Coinsbuy offers $100K bounty after reported $7.9M hack

Coinsbuy has offered a $100,000 reward for information identifying those behind unauthorized withdrawals that reportedly drained more than $7.9 million from its Ethereum and TRON wallets. Summary Coinsbuy offered a $100,000 identification bounty and an additional asset-recovery bonus. The company said all affected client funds were covered using its reserves. Investigators traced stolen assets through exchanges, with some funds reportedly converted into Monero. Coinsbuy restored deposits and withdrawals but has not disclosed the attack method. Coinsbuy launches $100K identification bounty Coinsbuy announced the reward after confirming that unauthorized withdrawals affected several platform wallets on Aug. 9. The Panama-incorporated crypto payments company did not confirm or dispute the $7.9 million loss estimated by blockchain investigators. The $100,000 reward will go to anyone who provides information leading to the identification of those responsible. Coinsbuy also promised an additional, unspecified bonus for assistance in recovering the stolen assets. Coinsbuy said it is investigating the incident but will withhold technical details until its findings are complete and independ...