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Crypto Payments Platform CoinsPaid Exploited for $7.5M, Second Breach in Six Months

Crypto payment gateway CoinsPaid has experienced its second security breach in the past six months, with Web3 security firm Cyvers reporting unauthorized transactions totaling nearly $7.5 million. Cyvers detected multiple irregular transactions on January 6, leading to the withdrawal of $6.1 million worth of digital assets in Tether (USDT), Ether (ETH), USD Coin (USDC), and CoinsPaid's native token CPD. The attacker swapped around 97 million CPD tokens worth approximately $368,000 for ETH. The attacker swapped around 97 million CPD tokens worth approximately $368,000 for ETH and moved the funds to externally owned accounts (EOAs) and crypto exchanges MEXC, WhiteBit, and ChangeNOW.


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