Mixin Network
Contents
Mixin Network - REKT
What a way to start the week.
This morning, Mixin Network announced a loss of $200M... to an attack which had occurred on Saturday.
A few hours later, the Hong Kong-based project informed users via livestream that just 50% of their assets were guaranteed, according to The Block. An english summary of the livestream (promised in the initial announcement) is yet to be published.
News of a relatively unheard-of platform losing nine figures brings back memories of Poly Network’s leaderboard-topping incident in August 2021. And just goes to demonstrate the vast disconnect between crypto communities across the globe.
Mixin Network claims to be “decentralised”, but has blamed the losses on a hacked third-party database.
Something doesn’t add up...
The details of precisely how funds were drained have not yet been disclosed.
But Mixin wasted no time in shifting the blame:
the database of Mixin Network's cloud service provider was attacked by hackers, resulting in the …
What a way to start the week.
This morning, Mixin Network announced a loss of $200M... to an attack which had occurred on Saturday.
A few hours later, the Hong Kong-based project informed users via livestream that just 50% of their assets were guaranteed, according to The Block. An english summary of the livestream (promised in the initial announcement) is yet to be published.
News of a relatively unheard-of platform losing nine figures brings back memories of Poly Network’s leaderboard-topping incident in August 2021. And just goes to demonstrate the vast disconnect between crypto communities across the globe.
Mixin Network claims to be “decentralised”, but has blamed the losses on a hacked third-party database.
Something doesn’t add up...
The details of precisely how funds were drained have not yet been disclosed.
But Mixin wasted no time in shifting the blame:
the database of Mixin Network's cloud service provider was attacked by hackers, resulting in the …
IoC
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