Decentralized P2P network Mixin Network was hackedthe damage from which amounted to about $200 million. The project team suspended the withdrawal of funds during the investigation.
According to the official statement, the attack occurred on September 25, 2023. Tentatively, its cause is a hacking of the database of the project’s cloud service provider.
The development team said it has already contacted Google and analysts from SlowMist to investigate the incident. Latest confirmed your participation.
The approximate damage from the actions of the attackers is about $200 million. At the time of writing, it is unknown whether we are talking only about corporate funds or about deposited funds as well.
During the investigation, input and output of assets from the network are blocked. Users were asked to treat the situation with understanding and wait for further instructions.
The founder of the development company, Feng Xiaodong, noted in a comment to the press that the project team can guarantee the safety of only half of the funds.
Amid the news of the hack, the rate of the native token of the XIN network fell by more than 8%. At the time of writing, it is trading at $194, according to CoinGecko.
It is noteworthy that some commentators accused the developers of excessively centralizing the network. In their opinion, this was the single point of failure.
Earlier, the Nansen analytical platform announced a data leak. Users were warned about a possible wave of phishing attacks.
Source: Cryptocurrency
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