#A.digital.currency.platform.suffers.a.massi ve security breach and thefts worth $7.5 million are discovered 🚀⬇️
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#Web3.blockchain transaction security platform Cyvers revealed that Estonian digital asset payment processing platform
#CoinsPaid has suffered its second major security breach in the past six months, with a total of unauthorized transactions approaching $7.5 million. The technical system of the Cyvers platform, which is based on artificial intelligence, had discovered the existence of several unusual transactions that took place - at exactly 01:26 GMT - on January 6, 2024, which resulted in the withdrawal of digital assets worth $6.1 million, which included transfers of USDT currencies. ETH and USDC, in addition to CoinsPaid's base currency CPD.
According to reports, the hacker exchanged about 97 million CPD coins - with a total value estimated at about $368,000 - with Ethereum currencies (Ethereum-ETH), to be transferred to wallet addresses belonging to external entities and various digital currency trading platforms, including the MEXC and WhiteBit platforms. and ChangeNOW. Additional analyzes conducted by Cyvers, a blockchain transaction security platform, showed a number of other unauthorized transactions using the BNB currency exceeding $1 million in value, bringing the total stolen balances to approximately $7.5 million. The platform shared details about these transactions via social media, including the hacker’s wallet address, while CoinsPaid has not yet issued any official updates or data regarding the security breach it was exposed to.
#CoinsPaid is exposed to its second major security breach. The latest security breach follows another hacking incident that took place during July 2023, where hackers seized assets worth more than $37.3 million. According to CoinsPaid's statements, the latest breach occurred when hackers tricked one of its employees into a fake job interview, and the employee downloaded malicious code, giving the hackers unauthorized access to its technical infrastructure.
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