Coinsbuy Offers $100,000 Bounty Following $7.9 Million Wallet Breach

Blockchain investigators, including SpecterAnalyst and PeckShield, tracked the stolen assets across several exchanges, noting that some funds were converted into the privacy-focused cryptocurrency Monero to obscure further movement. While ChangeNOW reportedly froze a portion of the stolen capital, the exact amount recovered remains undisclosed. Coinsbuy has confirmed that user balances were replenished within 24 hours of the incident, though it continues to withhold specific technical details regarding the breach.

Security firm GoPlus Security suggested the activity aligns with compromised hot-wallet keys or unauthorized administrative access, yet Coinsbuy has not verified an attack vector. Unlike recent industry trends where platforms negotiate with hackers for asset returns, this bounty specifically targets the identification of the perpetrators. With no U.S. authorities publicly involved in the case, the company maintains that it will release further findings only after an independent verification process is complete.