Decentralized finance peer-to-peer service Mixin network, experienced an attack on Saturday, September 23, 2023, leading to $200 million worth of crypto funds lost as a result of the attack.
$200 Million In Crypto Lost In The Attack
The decentralized finance (DeFi) network Mixin network revealed that the attack was caused by a compromise in the network’s cloud service provider database. The attack reportedly led to a loss of approximately $200 million worth of crypto funds stolen from its mainnet.
Blockchain security platform Peckshield conducted a separate investigation and it was revealed that Mixin network’s total portfolio accounted for approximately $141 million as at the time of the attack.
According to the announcement made by the Mixin team on X on Sunday, September 24, 2023, the attack happened during the early hours of September 23, 2023, Hong Kong time. The Mixin network immediately suspended deposits and withdrawals to prevent more losses.
However, the Mixin team has as
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