Mixin Network hack drains $200M from mainnet assets

Mixin Network designated blockchain private investigator SlowMist in addition to 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), $23.55 million in DAI (DAI) and $23.3 million in Bitcoin (BTC), according to a separate examination performed by PeckShield. The total portfolio amounted to $141.32 million.Mixin Network portfolio of $141.32 million. Source: PeckShieldDeposits and withdrawals on Mixin Network will recommence “once the vulnerabilities are confirmed and repaired.” The strategies to recover the lost possessions for users were not announced immediately.While it was at first promised that Mixin founder Feng Xiaodong would discuss this incident in a public Mandarin live stream at 1:00 AM ET (1:00 PM HKT) on Sept 25, links to the live stream were not supplied on official social networks channels such as X (previously Twitter) or its official site mixin.network. Mixin Network did not react to Cointelegraphs demand for remark at the time of writing.Related: Remitano exchange hacked for $2.7 M; $1.4 M frozen by TetherEthereum co-founder Vitalik Buterin just recently suffered a hack that jeopardized his social media profile on X. Vitalik Buterin validates how his X account was accessed by hackers. Source: WarpcastButerin verified that he came down with a SIM swap attack after “someone socially-engineered T-mobile itself to take over my telephone number.” SIM swap or simjacking attacks aim to control the victims mobile number and use two-factor authentication (2FA) to access social networks, bank, and crypto accounts.Magazine: AI has actually killed the market: EasyTranslate manager on adapting to change

Decentralized peer-to-peer network Mixin Network has lost roughly $200 million in a hack involving the compromise of the database of a third-party cloud service provider.On Sept. 25, Mixin Network validated that a hack conducted 2 days earlier– on Sept. 23– drained approximately $200 million worth of crypto properties from its mainnet. An instant suspension of all deposit and withdrawal services on Mixin Network followed the discovery. [Statement] In the early morning of September 23, 2023 Hong Kong time, the database of Mixin Networks cloud service provider was attacked by hackers, resulting in the loss of some assets on the mainnet. We have gotten in touch with Google and blockchain security business @SlowMist_Team …– Mixin Kernel (@MixinKernel) September 25, 2023