Crypto Platform CoinsPaid Resumes Operations After Cyber Attack
CoinsPaid, a crypto platform, has announced the resumption of its operations after a cyber attack orchestrated by the Lazarus Group. The platform lost $37.3 million in the attack but assured its customers that their funds remained intact. The company CEO, Max Krupyshev, stated that the services are gradually getting back to normal in a more secure environment. CoinsPaid has launched an investigation using various blockchain analytics tools and has involved law enforcement agencies in the matter. The company plans to organize a round table with other victims of Lazarus Group attacks to find ways to prevent similar incidents in the future. CoinsPaid has also called on prominent crypto exchanges to participate in the discussion.
Key Points:
- CoinsPaid resumes operations after a cyber attack by the Lazarus Group.
- No customer funds were affected; the company’s availability and revenue were impacted.
- CoinsPaid is utilizing blockchain analytics tools and involving law enforcement agencies in its investigation.
- The company plans to organize a round table with other victims to prevent future cyber attacks.
- Prominent crypto exchanges have been urged to participate in the discussion.
Hot Take:
The cyber attack on CoinsPaid highlights the ongoing threat posed by the Lazarus Group in the crypto space. While the platform suffered a significant loss, it is reassuring that customer funds were not compromised. CoinsPaid’s swift response, including launching an investigation and involving law enforcement agencies, demonstrates its commitment to addressing the issue. The proposed round table with other victims and prominent crypto exchanges is a proactive step towards preventing future cyber attacks. This incident serves as a reminder for the crypto community to remain vigilant and implement robust security measures.
By
By
By
By