Coinsbuy Bleeds $8M in Coordinated TRON and Ethereum Attack

Key Takeaways

Coinsbuy suffered an $8 million loss on August 9 from a coordinated assault across TRON and Ethereum. Attackers drained wallets using USDT and ETH, linked via the Bridgers cross-chain swapper.

Woofun AI reports that a coordinated assault across TRON and Ethereum resulted in an $8 million loss for Coinsbuy, with blockchain security researchers attributing the breach to the Bridgers cross-chain swapper.

The attack commenced on Aug. 9 with a preliminary 5 USDT transaction, followed by the rapid draining of eight TRON wallets. Within one hour, attackers extracted 6.04 million USDT from these addresses, establishing the initial phase of the theft.

Simultaneously on Ethereum, three wallets were emptied of 1.89 million USDT and 77 ETH.

Woofun AI data shows the stolen ETH was immediately routed through 1inch via a wallet created that same day, facilitating rapid asset conversion.

Onchain records reveal that the Ethereum payout contract from Bridgers sent funds directly into the Ethereum swap wallet. This linkage confirms that operations across both chains constituted a single incident rather than separate attacks.

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