CoinsPaid Resumes Transaction Processing After Attack
CoinsPaid has resumed processing transactions after temporarily halting service in response to an attack that occurred on July 22. The company suspects that the attack was orchestrated by North Korea’s Lazarus Group.
Key Points:
- CoinsPaid believes the attack was not as successful as Lazarus Group had expected.
- The company’s security measures and procedures prevented higher losses of funds.
- Client funds were not impacted, but revenues were affected.
- Lazarus Group has targeted other crypto organizations, including Axie Infinity, Atomic Wallet, and Alphapo.
- CoinsPaid plans to collaborate with other Lazarus Group victims to develop initiatives to prevent future attacks.
Hot Take:
The resumption of transaction processing by CoinsPaid is a positive development following the attack. The company’s dedication to fortifying their systems and preventing higher loss of funds demonstrates their commitment to security. Collaborating with other Lazarus Group victims to prevent future attacks is a proactive step towards enhancing the overall security of the crypto industry.
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