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 <p class="is-style-lead">A U.S. official implicates North Korea in a significant cyberattack on decentralized finance platform Mixin Network, with losses under $150 million.</p>
 <p>A high-ranking U.S. government <a rel="noopener noreferrer nofollow" title="official" href="https://thebittimes.com/tag/official.html">official</a> has indicated that North Korea is the likely culprit behind a <a rel="noopener noreferrer nofollow" title="major" href="https://thebittimes.com/tag/major.html">major</a> <a rel="noopener noreferrer nofollow" title="security" href="https://thebittimes.com/tag/security.html">security</a> intrusion targeting the decentralized finance platform Mixin Network.</p>
 <p>Earlier assessments suggested that Mixin Network suffered a financial loss amounting to $200 million following a cyberattack that took place in late September. However, the organization revised this figure to less than $150 million after conducting a thorough review.</p>
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    <p lang="en" dir="ltr">[Update]<br>After statistical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>, the affected assets in this incident were mainly ERC20-USDT, ETH, and BTC. Other assets were not affected. The specific compensation details are still under discussion. Please stay tuned for updates on the progress of this incident. In order… https://t.co/XHlNmJFbeZ</p>— Mixin Kernel (@MixinKernel) October 5, 2023
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 <h2 class="wp-block-heading" id="what-caused-the-attack-on-mixin-network">What caused the attack on Mixin network?&nbsp;</h2>
 <p>The underlying cause of the breach was identified as a vulnerability in the cloud infrastructure used by Mixin, as reported by blockchain cybersecurity firm SlowMist. SlowMist is among the entities aiding Mixin in scrutinizing the breach’s particulars.</p>
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Report: hackers control over 90% of Mixin’s USDT holdings
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 <p>As confirmed by a Mixin spokesperson to Bloomberg, the company is collaborating with cyber<a rel="noopener noreferrer nofollow" title="security" href="https://thebittimes.com/tag/security.html">security</a> firms like Mandiant and SlowMist in their ongoing inquiry. While details remain confidential due to the sensitive nature of the investigation, the company has made substantial strides in unraveling the incident’s complexity. To incentivize information that could lead to the recovery of the lost funds, Mixin Network is putting forth a $20 million reward.</p>
 <p>The United States administration has been active in undermining the capabilities of North Korean cyber operatives, focusing particularly on dismantling the financial networks that facilitate their operations. The U.S. administration posits that the illicit funds garnered through such cyberattacks are channeled into North Korea’s missile development programs.</p>
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> North Korea linked to latest crypto hacks, surpassing $270m
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/u-s-officials-link-north-korea-to-the-major-security-breach-at-mixin-tbt65445.html">https://thebittimes.com/u-s-officials-link-north-korea-to-the-major-security-breach-at-mixin-tbt65445.html</a></p>

U.S. officials link North Korea to the major security breach at Mixin

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