IMPORTANT POINTS:
- Mixin Network hacked: Mixin Network suffered a major crypto hack with losses of around 200 million.
- Stolen Assets: Stolen assets included Ethereum, Bitcoin, and Tether USD, according to researcher ZachXBT.
- Temporary Suspension of Services: Mixin Network has temporarily suspended deposit and withdrawal services while it investigates and fixes the vulnerabilities.
Peer-to-peer cryptocurrency project Mixin became the victim of the largest crypto exploit of 2023 to date, after an attack over the weekend. Mixin Network announced on social media platform X that its cloud service provider was attacked by hackers, resulting in the loss of approximately 200 million.
The company took immediate action by contacting Google and blockchain security company Slow Mist to assist in the investigation. Upon initial verification, it was estimated that the funds involved amounted to around 200 million. As a result of this situation, deposit and withdrawal services on Mixin Network were temporarily suspended.
However, Mixin Network plans to restore these services once the vulnerabilities are confirmed and fixed, after discussion and consensus among all nodes. Fortunately, during this period, transfers on the platform will not be affected.
Blockchain and cryptocurrency researcher ZachXBT revealed that the stolen cryptocurrency assets included Ethereum (ETH), Bitcoin (BTC), and Tether USD (USDT). Additionally, ZachXBT shared the hackers’ apparent addresses on its Telegram channel.
BlockSec, a cryptocurrency security company, provided additional information about the attack. According to BlockSec, the attacker drained Mixin’s Ethereum addresses from the largest balance to the smallest in approximately 10,000 transactions. Furthermore, they suggested that the attacker was likely to have compromised Mixin’s security by gaining access to its data cloud.
If the total value of assets stolen from Mixin Network exceeds 200 million, this incident will become the largest crypto hack of 2023, surpassing the $197 million hack that hit Euler Finance in March.
