CoinsPaid, a crypto payment gateway, experienced its second security breach in the past six months, stated Cointelegraph. Cyvers, a web3.0 security firm, mentioned that it detected unauthorised transactions amounting to about $7.5 million.
Cyvers’ artificial intelligence system is expected to have detected multiple irregular transactions on January 6, 2023. It is believed that they had also allowed the withdrawal of $6.1 million worth of digital assets in Tether (USDT $1.00), Ether (ETH $2,220) USD Coin (USDC $1.00) and CoinsPaid’s native token CPD.
Cyver’s team tweeted that the attacker swapped around 97 million CPD tokens worth about $368,000 for ETH. They are also believed to move the funds to externally owned accounts (EOAs) and crypto exchanges MEXC, WhiteBit, and ChangeNOW, added Cointelegraph.
Sources revealed that Cyver had identified unauthorised transactions involving BNB (BNB $298)worth more than $1 million, bringing the total amount stolen close to $7.5 million.
(With insights from Cointelegraph)
