Hong Kong based crypto company Mixin It announced on Sunday that it had been hacked and that hackers had stolen about $200 million.
“In the early morning of September 23, 2023 Hong Kong time, the cloud service provider database of Mixin Network was attacked by hackers, resulting in the loss of some assets.” The company wrote on X, formerly Twitter. “Deposit and withdrawal services on the Mixin network have been temporarily suspended. After discussion and consensus among all nodes, these services will be reopened once the vulnerabilities are confirmed and fixed.
The company said it has contacted Google and cryptocurrency security firm SlowMist to assist in the investigation.
Mixin describes its product as “an open and transparent decentralized ledger, held and maintained collectively by 35 mainnet nodes.” In other words, the Mixin network is a decentralized exchange and multi-chain network that allows users to transfer digital assets.
“We build open source software that always puts security, privacy, and decentralization first,” the company said He says On its website, where Mixin claims to have it million users As of July.
At this point, it’s unclear how hackers were able to steal funds after hacking into Mixin’s cloud database, since Mixin is – in theory – decentralized.
Mixin, Google, and SlowMist did not immediately respond to a request for comment.
In the announcement, Mixin also said it would announce an unspecified “solution” for dealing with stolen assets at a later date.
The Mixin hack is considered the biggest heist in the cryptocurrency world in 2023. According to data held by Rekt, an organization that publishes a list of hacked cryptocurrency organizations and projects. The previous highest theft was that of Euler, a cryptocurrency lending platform, which was subjected to an attack that resulted in a loss of about $197 million in March.
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