CoinsPaid is back to processing after being hit by a hacker attack. Client funds were not affected and are fully available
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Tallinn, 26 July 2023
On July 22nd, CoinsPaid experienced a hacker attack, resulting in the theft of USD 37.3M. We suspect Lazarus Group, one of the most powerful hacker organisations, is responsible. Its list of victims also includes the world's top companies: Sony (USD 81M), Axie Infinity (USD 625M), Horizon Bridge (USD 100M), Atomic Wallet (USD 100M) and Alphapo (USD 23M).
We believe Lazarus expected the attack on CoinsPaid to be much more successful. In response to the attack, the company's dedicated team of experts has worked tirelessly to fortify our systems and minimise the impact, leaving Lazarus with a record-low reward. Indeed, our security measures and procedures allowed CoinsPaid to prevent higher loss of funds.
As the number-one priority, we ensured that customer funds stayed intact. Unfortunately, the attack influenced our platform's availability, and the company's revenue was also impacted.
"After the partial downtime, our services are getting up and running one by …
On July 22nd, CoinsPaid experienced a hacker attack, resulting in the theft of USD 37.3M. We suspect Lazarus Group, one of the most powerful hacker organisations, is responsible. Its list of victims also includes the world's top companies: Sony (USD 81M), Axie Infinity (USD 625M), Horizon Bridge (USD 100M), Atomic Wallet (USD 100M) and Alphapo (USD 23M).
We believe Lazarus expected the attack on CoinsPaid to be much more successful. In response to the attack, the company's dedicated team of experts has worked tirelessly to fortify our systems and minimise the impact, leaving Lazarus with a record-low reward. Indeed, our security measures and procedures allowed CoinsPaid to prevent higher loss of funds.
As the number-one priority, we ensured that customer funds stayed intact. Unfortunately, the attack influenced our platform's availability, and the company's revenue was also impacted.
"After the partial downtime, our services are getting up and running one by …