CoinsPaid Security Incident: $37.30M Reported Loss
Recently, Estonian encrypted payment service provider CoinsPaid said it suffered a cyber attack and $37.3 million worth of cryptocurrency was stolen.
- Reported loss
- $ 37,300,000
Incident Overview
Although the attack caused significant financial losses to the company and had many adverse effects on the usability of the payment platform, the company stated that customer funds are still safe and the incident will not have a significant impact on the company's business. CoinsPaid said the attack was initiated by the Lazarus hacking group, and their goal was to obtain higher cash. On July 26, SlowMist tweeted that CoinsPaid, Atomic and Alphapo attackers may all be the North Korean hacker organization Lazarus Group.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.