CoinsPaid

ZachXBT

Million

CoinsPaid, a well-known digital asset processor and crypto payment ecosystem, is dealing with a potential <a href="https://optimisus.com/news/crypto-news/radiant-capital-loses-4-5-million-worth-of-ethereum-to-hackers/">crypto fraud</a> that could cost the company more than $6 million.   
On-chain researcher ZachXBT brought the alarming situation to light, reporting significant losses suffered by CoinsPaid platform users due to fraudulent transactions.   
CoinsPaid has acknowledged the attack and assured users it is investigating the possible breach. Customers, however, remain skeptical of the platform's security measures, owing to the recurrence of such issues.   
Investors who were hoping for a quick recovery following previous crypto exploits are now confronted with new uncertainties.   
Users are strongly advised to take immediate security precautions in response to the situation. This includes changing passwords regularly, enabling two-factor authentication, and keeping a close eye on their accounts for any unusual activity.   
CoinsPaid has stated that it is committed to addressing the <a href="https://optimisus.com/news/crypto-news/thunder-terminal-was-the-victim-of-a-hacking-attempt-resulting-in-the-loss-of-86-eth-and-439-sol/">security issue</a> as soon as possible and minimizing the financial impact on affected users in the aftermath of this latest crypto scam.   
However, the platform's history of security flaws raises concerns, prompting watchdogs to investigate. This ongoing trend of security issues indicates the need for immediate and comprehensive solutions.   
The Ukrainian company based in Estonia previously disclosed a cyberattack on July 22, resulting in an estimated $37.3 million in cryptocurrency losses.   
CoinsPaid, as confirmed by CEO Max Krupyshev, reimbursed customers using its funds in a commendable move. 
The post <a href="https://optimisus.com/news/crypto-news/coinspaid-faces-another-crypto-fraud-losing-over-6-million/">CoinsPaid Faces Another Crypto Fraud, Losing Over $6 Million</a> appeared first on <a href="https://optimisus.com">Optimisus</a>.

CoinsPaid Faces Another Crypto Fraud, Losing Over $6 Million

Optimisus

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