in

Hackers Swipe $200m from Hong Kong Crypto Firm Mixin

Hong Kong-based cryptocurrency firm, Mixin, has reported that hackers successfully stole approximately $200 million from its database. The company took to social media platform X to explain that the attack targeted the database of Mixin Network’s cloud service provider, resulting in the loss of some assets on the mainnet.

Mixin has reached out to Google and blockchain security firm, SlowMist, for assistance with the investigation. After conducting initial verifications, the company estimates the funds involved in the attack to be around $200 million.

The incident is believed to have taken place on the morning of September 23, 2023, Hong Kong time. Following the breach, Mixin has temporarily suspended deposit and withdrawal services on Mixin Network. However, transfers on the platform are unaffected during this period.

The company has stated that it will provide a solution for dealing with the lost assets and is committed to minimizing the losses. Mixin apologizes for the security breach and assures its users that the vulnerabilities will be addressed and services will be reinstated once fixes are confirmed and implemented.

Follow crowdfundingmagazine on Instagram: @crowdfundingmagazine_it

What do you think?

363 Points
Upvote Downvote

Written by editorial

Leave a Reply

Your email address will not be published. Required fields are marked *

KPMG Property Report: Real Estate Prices in Australia Expected to Increase by 4.9% in the Next 9 Months

UK’s Standard Life collaborates with Moneyhub, the Open Banking Platform, to offer Pensions Dashboard