Million

Exactly Protocol

Mixin

Balancer

<![CDATA[<figure class="image"><img src="https://cimg.co/news/125461/331348/image.jpg" alt="" srcset="https://cimg.co/news/125461/331348/responsive-images/image___media_library_original_1200_800.jpg 1200w, https://cimg.co/news/125461/331348/responsive-images/image___media_library_original_900_600.jpg 900w, https://cimg.co/news/125461/331348/responsive-images/image___media_library_original_720_480.jpg 720w, https://cimg.co/news/125461/331348/responsive-images/image___media_library_original_600_400.jpg 600w, https://cimg.co/news/125461/331348/responsive-images/image___media_library_original_300_200.jpg 300w" sizes="100vw" width="1200" class="content-img"><figcaption>Source: Pixabay</figcaption></figure>Mixin Network has revealed that the database of its cloud service provider was attacked on September 23, resulting in the loss of a substantial sum of assets on the mainnet.As per the <a href="https://twitter.com/MixinKernel/status/1706139175018529139">official announcement</a>, the amount of funds affected in the hack was $200 million.&nbsp;The incident prompted Mixin Network to take immediate action, enlisting the expertise of Google and the blockchain security firm <a href="https://twitter.com/SlowMist_Team/status/1706133260869468503">SlowMist</a> to aid in the ongoing investigation.Mixin Network's token <a href="https://cryptonews.com/coins/mixin/">XIN</a> fell sharply after the news, trading at $194, down 9% at the time of writing. &nbsp;<figure class="media"><oembed url="https://twitter.com/MixinKernel/status/1706139175018529139"></oembed></figure><h2 id="mixin-network-suspends-deposits-and-withdrawals">Mixin Network Suspends Deposits and Withdrawals</h2>In response, Mixin Network has temporarily suspended deposit and withdrawal services.&nbsp;These services will be reinstated following a thorough review and consensus among all network nodes, ensuring that any vulnerabilities are addressed and rectified, the network announced in an X post today.&nbsp;<figure class="media"><oembed url="https://twitter.com/PeckShieldAlert/status/1706199059705598406"></oembed></figure>However, transfers on the network remain unaffected by the suspension.The Mixin team is actively working on a solution to address the loss of assets, and further details will be shared with the community in due course.&nbsp;To keep the community informed, Mixin Network's founder, Feng Xiaodong, will conduct a live Mandarin-language stream at 13:00 HKT on September 25, 2023.&nbsp;The famous Chinese investor KOL Li Xiaolai has invested and promoted Mixin Network.&nbsp;The network claims to be a wallet solution and currently supports 48 public chains with total network assets exceeding US$1 billion.&nbsp;Mixin Network is the latest network to get hacked for 9 figures. Earlier, <a href="https://cryptonews.com/news/defi-protocol-balancer-faces-another-security-breach-after-being-exploited-for-2m-month-ago.htm">Balancer protocol was hacked</a> for $2 million and before that <a href="https://cryptonews.com/news/defi-lender-exactly-protocol-exploited-for-12-million.htm">Exactly Protocol</a> was exploited for over $12 million.
]]>

Breaking: Mixin Network's Cloud Service Provider Hacked, $200 Million in Funds Affected

Table of Contents

Cryptonews.com

Other articles published on Sep 25, 2023

Barcelona-based Street Cy₿er collective: Uniting Bitcoin and street art

Hollywood Strikes a Tentative Truce with AI: Implications and Future

Vitalik Buterin Shifts Ethereum to Coinbase: Price Drop Below $1500?

Princess Diana’s law firm to file a lawsuit against OneCoin

North Korean Lazarus Group amasses over $40M in Bitcoin, data reveals

Celebrating One Year of EOS Independence

Join our free newsletter for daily crypto updates!