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The Mixin Network Hack Resulted Over $200 Million In Losses
09/25/2023

The Mixin Network Hack Resulted Over $200 Million In Losses

09/25/2023
4,5

Mixin Network, a decentralized wallet provider, has warned users of a hack that resulted in the theft of nearly $200 million worth of cryptocurrency.

Analytics company SlowMist has launched an investigation into the incident. The provider also involved Google in the case. SlowMist reported an attack on the database of cloud provider Mixin Network. In a separate message, Mixin Network said it was suspending the network's deposit and withdrawal operations until the problem was fixed. 

The project's founder, Feng Xiaodong, promised to comment on the incident during a livestream on September 25. However, the community never received a link to the livestream. 

Later, another analytics company PeckShield reported that at the time of the hack, Mixin owned ETH worth $94.48 million, DAI worth $23.55 million, and BTC worth $23.30 million.

Source & Copyright PeckShield on X


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