Coinspeaker
DeFi Platform Mixin Network Faces $200 Million Crypto Hack
Earlier today, the decentralized finance (DeFi) project Mixin Network announced the suspension of all deposits and withdrawals after losing $200 million in crypto assets in a recent hack. The SlowMist team was the first to report this incident. It also noted that the breach happened through a compromise in Mixin’s cloud service database.
During the hack, Mixin had $94.48 million worth of Ether (ETH), $23.55 million in Dai (DAI), and $23.3 million in Bitcoin (BTC), as revealed in an independent investigation conducted by PeckShield. The combined value of this portfolio thus reached $141.32 million.
Mixin has garnered investment and endorsement from the renowned Chinese Key Opinion Leader (KOL) Li Xiaolai. It positions itself as a wallet solution and currently offers support for 48 public chains, boasting a cumulative network asset value surpassing $1 billion.
Mixin Network has a mission to enhance blockchain scalab
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