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A Payments Processor Lost $7.9M on Two Chains at Once and That Rules Out Most Causes

Wallets tied to crypto payments platform Coinsbuy were drained of more than $7.9 million across Ethereum and TRON starting around 13:00 UTC on August 9. Simultaneous activity on two unrelated chains points to key compromise rather than a contract exploit.

ETHTRXXMRsecurityexploitsAug 9, 2026

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