Coinsbuy offers $100K reward after Sunday security breach

CryptoInfo Editorial Team · Published on August 10, 2026 at 18:43 · Updated on August 12, 2026 · 1 min read

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Key Takeaways

→Coinsbuy experienced a security breach on Sunday with estimated losses of over $7.9 million
→The company has covered all affected client funds
→A $100,000 reward is being offered for information related to the breach

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

Coinsbuy, a cryptocurrency platform, has confirmed a security breach that occurred on Sunday, resulting in unauthorized withdrawals from client wallets.

According to CoinTelegraph, the breach is estimated to have resulted in the theft of more than $7.9 million.

Coinsbuy has stated that it has covered all affected client funds and is offering a $100,000 reward for information related to the security breach.

This incident highlights the importance of security in the cryptocurrency space, where platforms must protect user funds from unauthorized access.

Source: CoinTelegraph ↗