Mixin

Coin

<ul class="news-points"> 
 <li><strong>Decentralized platform Mixin Network announce a $200 million exploit on its platform.</strong></li> 
 <li><strong>The hack was caused by a breach in its cloud service provider’s database.</strong></li> 
 <li><strong>Deposits and withdrawals on the platform are temporarily paused, but customers can still transfer assets.</strong></li> 
</ul> 
<p>Amidst the overall market slowdown and bear market, <a href="https://coinedition.com/what-is-defi-lets-understand-decentralized-finance/">Decentralized Finance platform</a> Mixin Network has suspended deposits and withdrawals following an exploit on its platform. According to the announcement, over $200 million in crypto assets was stolen on the platform.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">[Announcement] In the early morning of September 23, 2023 Hong Kong time, the database of Mixin Network's cloud service provider was attacked by hackers, resulting in the loss of some assets on the mainnet. We have contacted Google and blockchain security company <a href="https://twitter.com/SlowMist_Team?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@SlowMist_Team</a>…</p>— Mixin Kernel (@MixinKernel) <a href="https://twitter.com/MixinKernel/status/1706139175018529139?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 25, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>On a post on X, the company announced that customers will no longer be able to deposit or withdraw their crypto assets on the platform. However, it said that they can still transfer assets, pending when other services are restored.</p> 
<p>The company said the hack was caused by a breach in its project’s clo…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/defi-platform-mixin-network-suffers-200m-hack-pauses-services/">DeFi Platform Mixin Network Suffers $200m Hack; Pauses Services</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

DeFi Platform Mixin Network Suffers $200m Hack; Pauses Services

Coin Edition

Other articles published on Sep 25, 2023

Forget Trading Solana And Fantom In This Market, Search For Crypto Presales

RAT Stock Price: Mystery Behind 43% Surge Since the Start of 2023

Top Exchanges' Weekly Trading Volume Below $400B Again Last Week

Surveying Public Perception of Binance Coin's Utility and Position in the Market

Mishcon de Reya LLP: Individuals and entities behind the fraudulent cryptocurrency OneCoin face U...

JPEX Aftermath: Hong Kong has only two licensed crypto firms

Join our free newsletter for daily crypto updates!