CoinsPaid Loses $7.5M in Digital Assets to Cyberattack
On January 6, CoinsPaid, the Estonian cryptocurrency payments service provider, fell victim to a significant security breach. The cyberattack led to the theft of nearly $7.5 million in digital assets across the Binance (BNB) and Ethereum (ETH) chains. This incident is not the company’s first brush with security violations. A similar attack in July 2023 resulted in a loss of a staggering $37.3 million.
Notorious Hackers Suspected
The recent theft is believed to be the handiwork of the Lazarus group, a notorious hacking entity with alleged ties to North Korea. The group has a reputation for orchestrating a series of cryptocurrency heists, employing sophisticated tactics to bypass security defenses. Deddy Lavid, CEO of Cyvers, a cybersecurity firm, suggests that the stolen funds comprised various cryptocurrencies that were swiftly transferred to multiple externally owned…
