Mixin Network was hacked for $200 million

On September 23, an unknown person hacked the cloud service provider Mixin Network and withdrew about $200 million in digital assets.

🚨SlowMist Security Alert🚨

On September 23, the Mixin Network cloud service provider database was attacked, the amount of funds involved was ~ $200M.

SlowMist is assisting in the investigation. Please wait for @MixinKernel updates for more information.

— SlowMist (@SlowMist_Team) September 25, 2023

Following the report from Slow Mist analysts, protocol representatives also confirmed the incident.

[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 @SlowMist_Team…

— Mixin Kernel (@MixinKernel) September 25, 2023

According to the statement, the network’s database was exploited. The developers have temporarily suspended deposits and withdrawals of funds.

Mixin Network is a peer-to-peer cryptocurrency trading network designed to scale and speed up transactions. The protocol supports Bitcoin, Ethereum and several other popular coins.

The protocol’s 100 largest network assets are worth just over $1.1 billion, according to a July report.

Mixin founder Feng Xiaodong will discuss the incident live on the evening of September 25 while the project team investigates.

Spot the error: the database of a decentralized network got hacked

— Hope (@btctbtctb) September 25, 2023

“Find the error: the decentralized network database was hacked,” wrote one user X.

Let us recall that in September, the DeFi project Linear Finance announced an attack, as a result of which it lost all liquidity in the stablecoin ℓUSD on the PancakeSwap and Ascendex platforms.

Previously, the Balancer protocol reported that the frontend had been hacked. Damage is believed to be approximately $238,000.

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