Coinsbuy exchange hacked for $8 million across two blockchains

Coinsbuy, a crypto exchange, had $8 million stolen by attackers who hit it in a coordinated way across two different blockchains at once. Details on exactly how they got in aren't fully clear yet, but the money is gone from the exchange's control.

If you have funds sitting on Coinsbuy specifically, this is directly relevant to you; if not, it's a reminder that exchange hacks are still a real risk, not a reason to panic about crypto broadly.

If you don't use Coinsbuy, there's nothing to do. If you do, keep an eye on their official updates and consider moving funds you control to a wallet only you hold the keys to, rather than leaving everything on any exchange long-term.