image credit: Adobe Stock

Cryptohack Roundup: $200M Mixin Network Hack

September 28, 2023


Mixin Network

Hackers stole $200 million from Mixin Network over the weekend by targeting the “decentralized” finance company’s cloud service provider’s database, the Hong Kong-based crypto wallet service provider said in a tweet. In a livestream on Tuesday, Mixin Network founder Feng Xiaodong said that the team can currently “only ensure at least half of the assets are secure.”

The company also offered a $20 million “bug bounty reward” to the hacker for the return of the stolen funds. It said in a Wednesday statement on X, formerly Twitter, that the losses were “not as significant as expected.”

Read More on DataBreach Today