Mixin Network hack drains $200M from mainnet assets

Mixin Network suspended all deposits and withdrawals and will restart the services “once the vulnerabilities are confirmed and fixed.”

Decentralized peer-to-peer network Mixin Network has lost approximately $200 million in a hack involving the compromise of the database of a third-party cloud service provider.

On Sept. 25, Mixin Network confirmed that a hack on Sept. 23 drained approximately $200 million worth of crypto assets from its mainnet. An immediate suspension of all deposit and withdrawal services on Mixin Network followed the revelation.

Mixin Network appointed blockchain investigator SlowMist, as well as Google, to help investigate the hack as the Mixin team attempts a recovery. At the time of the hack, Mixin held $94.48 million in Ether (ETH), $23.55 million in Dai (DAI) and $23.3 million in Bitcoin (BTC), according to a separate investigation conducted by PeckShield. The total portfolio amounted to $141.32 million.

Mixin Network portfolio of $141.32 million. Source: PeckShield

Deposits and withdrawals on Mixin Network will recommence “once the vulnerabilities are confirmed and fixed.” The plans to recover the lost assets for users were not announced immediately.

While it was initially promised that Mixin founder Feng Xiaodong would explain this incident in a public Mandarin livestream at 1:00 pm Hong Kong Time on Sept 25, links to the livestream were not provided on official social media channels such as X (formerly Twitter) or its official website mixin.network.

Mixin Network did not respond to Cointelegraph’s request for comment by publication.

Related: Remitano exchange hacked for $2.7M; $1.4M frozen by Tether

Ethereum co-founder Vitalik Buterin recently suffered a hack that compromised his social media profile on X.

Vitalik Buterin confirms how hackers accessed his X account. Source: Warpcast

Buterin confirmed that he fell victim to a SIM swap attack after “someone socially-engineered T-mobile itself to take over my phone number.” SIM swap or sim jacking attacks aim to control the victim’s mobile number and use two-factor authentication to access social media, bank and crypto accounts.

Magazine: ‘AI has killed the industry’: EasyTranslate boss on adapting to change

Leave a Reply

Your email address will not be published. Required fields are marked *

belly dance sex fuqer.mobi www.xvideos.comm recent sex videos doodhwali.net ww xn xx com fuck full form bestsexporno.com bangali xxx vedio vishnu priya sex goindian.net khatrimazaa racy angel.com chupatube.net fisblog sexi indin video xshaker.net alhoa tube india xxx hd com kompoz2.com malayalam xxx vedios milfox redwap.xyz gonza xxx movies punjabi sexy mms coffetube.info village nude girls www.xnx video.com redwap3.com wwwindian sex.com angewomon hentai freecartoonporn.info reiju vinsmoke hentai mallu vedios com orgymovs.info xxxx sex hindi nude ramp walk justindianpornx.com www sesi video com kattuvasi sex onlyindianpornx.com desi vdo.com سكس امهات مع الابناء pornvideoswatch.net افلام انجيلا وايت