{"id":162243,"date":"2023-09-25T13:53:12","date_gmt":"2023-09-25T08:23:12","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=162243"},"modified":"2023-09-25T13:53:12","modified_gmt":"2023-09-25T08:23:12","slug":"mixin-network-hack-drains-200m-from-mainnet-assets-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/mixin-network-hack-drains-200m-from-mainnet-assets-crypto-news\/","title":{"rendered":"Mixin Network hack drains $200M from mainnet assets – Crypto News"},"content":{"rendered":"

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Decentralized peer-to-peer network Mixin Network has lost approximately $200 million in a hack involving the compromise of the database of a third-party cloud service provider.<\/p>\n

On Sept. 25, Mixin Network confirmed that a hack on Sept. 23 drained approximately $200 million worth of crypto assets from its mainnet. An immediate suspension of all deposit and withdrawal services on Mixin Network followed the revelation.<\/p>\n

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[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<\/a>\u2026<\/p>\n

\u2014 Mixin Kernel (@MixinKernel) September 25, 2023<\/a><\/p><\/blockquote>\n

Mixin Network appointed blockchain investigator SlowMist, as well as Google, to help investigate the hack as the Mixin team attempts a recovery. At the time of the hack, Mixin held $94.48 million in Ether (ETH<\/a>), $23.55 million in Dai (DAI<\/a>) and $23.3 million in Bitcoin (BTC<\/a>), according to a separate investigation conducted by PeckShield. The total portfolio amounted to $141.32 million.<\/p>\n

Mixin Network portfolio of $141.32 million. Source: PeckShield<\/em><\/figcaption><\/figure>\n

Deposits and withdrawals on Mixin Network will recommence \u201conce the vulnerabilities are confirmed and fixed.\u201d The plans to recover the lost assets for users were not announced immediately.<\/p>\n

While it was initially promised that Mixin founder Feng Xiaodong would explain this incident in a public Mandarin livestream at 1:00 pm Hong Kong Time on Sept 25, links to the livestream were not provided on official social media channels such as X (formerly Twitter) or its official website mixin.network. <\/p>\n

Mixin Network did not respond to Cointelegraph\u2019s request for comment by publication.<\/p>\n

Related: <\/em><\/strong>Remitano exchange hacked for $2.7M; $1.4M frozen by Tether<\/em><\/strong><\/a><\/p>\n

Ethereum co-founder Vitalik Buterin<\/a> recently suffered a hack that compromised his social media profile on X. <\/p>\n

Vitalik Buterin confirms how his X account was accessed by hackers. Source: Warpcast<\/figcaption><\/figure>\n

Buterin confirmed that he fell victim to a SIM swap attack<\/a> after \u201csomeone socially-engineered T-mobile itself to take over my phone number.\u201d SIM swap or simjacking attacks aim to control the victim\u2019s mobile number and use two-factor authentication (2FA) to access social media, bank, and crypto accounts.<\/p>\n

Magazine: <\/em><\/strong>\u2018AI has killed the industry\u2019: EasyTranslate boss on adapting to change<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Decentralized peer-to-peer network Mixin Network has lost approximately $200 million in a hack involving the compromise of the database of a third-party cloud service provider. On Sept. 25, Mixin Network confirmed that a hack on Sept. 23 drained approximately $200 million worth of crypto assets from its mainnet. An immediate suspension of all deposit and […]<\/p>\n","protected":false},"author":2,"featured_media":162244,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-162243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/162243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=162243"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/162243\/revisions"}],"predecessor-version":[{"id":162246,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/162243\/revisions\/162246"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/162244"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=162243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=162243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=162243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}