Hack history / 2019 / Hack or exploit
Coinbin
Hack or exploit on Feb 20, 2019 · Admin Drain
SOURCES AGREE ON DATE AND LOSS · 2 SOURCES
Lost
$26M
dollars at the time
Returned
none listed
as the sources state it
Rank
#175
among thefts by dollars lost
What happened
Coinbin's former CEO (previously from acquired exchange Youbit) used his new position to steal over 100 ETH from an Ethereum wallet, claiming the key had been lost. The employee embezzlement forced the exchange into bankruptcy.
Details
- Date
- Feb 20, 2019
- Kind
- Hack or exploit
- Method
- Admin Drain
- How in
- Insiders: rug pulls, frauds, collapses
- Target
- Centralized exchange
- Chains
- Ethereum
Reported by
Cite this page
SwanBluechip, "Coinbin hack, Feb 20, 2019: $26M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/hta16e6fb4e6/ (data as of 2026-10-31).