Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home Incidents

CoinsPaid: $37M in Cryptocurrency Taken

July 31, 2023
Reading Time: 2 mins read
in Incidents
CoinsPaid: $37M in Cryptocurrency Taken

 

CoinsPaid, a crypto-payment service provider, faced a significant cyber attack resulting in the theft of $37.2 million worth of cryptocurrency. The company attributes the breach to the notorious North Korea-linked APT Lazarus, which has been behind other high-profile attacks on platforms like Axie Infinity and Atomic Wallet.

Although CoinsPaid reassured its clients that their funds were not impacted, the attack affected the platform’s availability and revenue. A dedicated incident response team is actively investigating the breach and strengthening the company’s security measures.

In the aftermath of the attack, CoinsPaid’s CEO, Max Krupyshev, emphasized their commitment to restoring services in a new secure environment, expecting a few more days to address minor details. Krupyshev also expressed confidence that the hackers would not evade justice.

The company received support from various blockchain security firms and crypto-exchanges, including Chainalysis, Binance, Crystal, Match Systems, Staked.us, OKCoinJapan, and Valkyrieinvest. Estonian law enforcement authorities were notified and have launched their investigation into the incident.

CoinsPaid plans to collaborate with other victims of Lazarus attacks in a round table discussion aimed at sharing information to prevent future cyber assaults.

The attack serves as a stark reminder of the ongoing threats faced by cryptocurrency platforms and the importance of robust security measures to safeguard both client funds and service availability.

Reference:
  • CoinsPaid is back to processing after being hit by a hacker attack. Client funds were not affected and are fully available
Tags: CoinsPaidCryptocurrenciesCyber incidentCyber Incidents 2023CyberattackCybersecurityJuly 2023Lazarus APT groupNorth KoreaVulnerabilities
ADVERTISEMENT

Related Posts

Infostealer Hidden in Steam Game

Hackers Target Amazon’s AI Code Bot

July 25, 2025
Infostealer Hidden in Steam Game

APTs Use Fake Dalai Lama Apps to Spy

July 25, 2025
Infostealer Hidden in Steam Game

Infostealer Hidden in Steam Game

July 25, 2025
Interlock Ransomware Threat Alert

Hackers Use Ransomware on SharePoint Servers

July 24, 2025
Interlock Ransomware Threat Alert

Data Breach Affects 340K Jobseekers

July 24, 2025
Interlock Ransomware Threat Alert

Beluga Vodka Ransomware Attack Reported

July 24, 2025

Latest Alerts

CastleLoader Uses Clickfix on Windows

Sophos, SonicWall Patch Critical RCE Bugs

Koske Malware Hides in Panda Images

Interlock Ransomware Threat Alert

GitLab Patches Key Vulnerabilities

Backdoor Found in WP Plugins

Subscribe to our newsletter

    Latest Incidents

    Hackers Target Amazon’s AI Code Bot

    APTs Use Fake Dalai Lama Apps to Spy

    Infostealer Hidden in Steam Game

    Data Breach Affects 340K Jobseekers

    Hackers Use Ransomware on SharePoint Servers

    Beluga Vodka Ransomware Attack Reported

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial