• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
CoinsPaid

Is CoinsPaid Cursed? Another $7 Million Gone After Latest Hack

Christian Encila
by Christian Encila
1 year ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

CoinsPaid, an Estonian provider of cryptocurrency payment services, experienced a cyberattack on January 5th, leading to the unauthorized access and theft of approximately $7.5 million in digital assets across the Binance (BNB) and Ethereum (ETH) chains.

Notably, this marks the second time in six months that CoinsPaid has been targeted in a security breach, raising concerns about the platform’s vulnerability and the imperative need for enhanced security measures in the crypto industry.

Related Reading: Bitcoin Payments Skyrocket As Merchant Numbers Triple To Over 6,000 Worldwide

CoinsPaid Hit Yet Again – Cursed?

CoinsPaid provides solutions to close the gap between clients who want to pay with cryptocurrency and businesses that typically operate inside the conventional financial system.

On their website, it states that every month, they facilitate over a million transactions worth a total of over 7 million EUR. CoinsPaid states that it has handled cryptocurrency transactions totaling more than 19 billion euros to date.

🚨UPDATE🚨After more investigation, our system has detected more unauthorized transactions on #BNB too involving @coinspaid

Hacker has got another $1M worth of digital assets 924K BSC-USD and 268.5 $BNB.
All together total loss is $7.5M

Hacker’s address:… https://t.co/877vBm0Uah pic.twitter.com/xD6tg9QznK

— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) January 6, 2024

On January 6, the artificial intelligence system of Cyvers discovered several anomalous transactions, which made it possible to withdraw $6.1 million worth of digital assets in Tether and CoinsPaid’s native token, CPD.

CoinsPaid experienced a breach in July 2023, which resulted in the theft of $37.3 million. At the time, the company shut down for four days while it looked into the breach with assistance from Chainalysis, Binance, and other sources. The business used its reserves to pay customers.

As of today, the market cap of cryptocurrencies stood at $1.672 trillion. Chart:  TradingView.com

CoinsPaid Hack: Fake Job Interview Scheme

CoinsPaid claims that hackers tricked one of its employees with a phony job interview. According to reports, the employee accepted a job offer and downloaded malicious software, which gave the bad guys access to CoinsPaid’s infrastructure and enabled them to steal personal data.

The Cyvers team believes that the infamous Lazarus group from North Korea may be behind the Jan. 5 hack, albeit this is still unknown.

Source: Cyvers Alerts

In all, the most recent hack took $7.5 million from CoinsPaid and transferred it to an external wallet. Cyvers revealed that the money was subsequently transferred to cryptocurrency exchanges including ChangeNOW, WhiteBit, MEXC, and others.

Related Reading: SEC Throws Cold Water On Bitcoin ETF Hopes With Reissuance Of FOMO Warning

Over the years, the organization has been associated with numerous hacks. The organization allegedly stole almost $3 billion worth of cryptocurrencies over the previous six years.

According to reports, the Lazarus Group was responsible for multiple cryptocurrency attacks in 2023. According to blockchain intelligence company TRM Labs, the organization pilfered cryptocurrency worth at least $600 million in 2018.

Featured image from iStock

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

Crypto news

Senate Sets Crypto Tax Showdown—Will Trump Push Sweeping Relief?

1 hour ago
BNB Chain, bnb

BNB Chain To Host KBW25 And TOKEN2049 Side Events For Builders, Web3 Enthusiasts

10 hours ago
crypto

Australia Cracks The Whip: Crypto Exchanges Face Tough New Rules

12 hours ago
Best Altcoins to Buy as BNB to Slash Fees Amidst Aster Trading Chaos

Best Altcoins to Buy as BNB to Slash Fees Amidst Aster Trading Chaos

12 hours ago
US Senate to Discuss Crypto Taxation on October 1: Good for Altcoins like Best Wallet Token

US Senate to Discuss Crypto Taxation on October 1: Good for Altcoins like Best Wallet Token

14 hours ago
ASTER

Is ASTER The Next Big Thing? Exploring The Crypto’s 2,000% Surge And Binance Ties

15 hours ago

Premium Sponsors

Press Releases

  • 加密錢包掀起發幣熱潮 Best Wallet...

    2 days ago
  • Bitcoin Hyper

    ChatGPT предсказва следващата 1000x...

    3 days ago
  • Snorter надхвърли $4 милиона след...

    4 days ago
  • ตัวละครสัตว์ Snorter หน้าตลกโผล่พ้นกำแพงอิฐ

    นักลงทุนแห่เข้าซื้อ...

    7 days ago
  • Little Pepe ($LILPEPE) presale crosses $25 million milestone as investors eye exchange listings and meme coin Layer-2 blockchain growth.

    Little Pepe Presale Surges Past $25M as Stage 12 Sells Out...

    1 week ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.