crypto exchangeTemporary suspension of Mixin Network deposit and withdrawal services

Temporary suspension of Mixin Network deposit and withdrawal services

Mixin Kernel stated on social media that in the early morning of September 23, 2023 Hong Kong time, the database of the Mixin Network cloud service provider was hacked, resulting in the loss of some assets on the main network. We have contacted Google and blockchain security company SlowMist to assist in the investigation.

After preliminary verification, the funds involved were approximately US$200 million. Deposit and withdrawal services on the Mixin network have been temporarily suspended. After discussion and consensus among all nodes, these services will be reopened once the vulnerability is confirmed and fixed. During this period, transfers will not be affected.

Regarding how to deal with lost assets, the Mixin team will announce solutions later. Mixin founder Feng Xiaodong will explain the incident in a public Mandarin live broadcast at 13:00 on September 25, 2023, Hong Kong time. We will do our best to reduce the loss and apologize for this.

Blockchain security company SlowMist stated on social media that on September 23, the Mixin Network cloud service provider database was attacked, involving approximately US$200 million.

Share This Post

Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

Related Posts

BitMEX Launches Zero-Fee Bitcoin Trading Until BTC Hits $100K

BitMEX, a leading crypto derivatives exchange known for its...

Bitcoin Holds Near Highs as Markets Brace for U.S. Economic Data

Bitcoin steadied near recent highs on Wednesday as momentum...

Ethereum Foundation Revamps Leadership to Strengthen Governance

The Ethereum Foundation has unveiled a significant leadership restructuring...

Bitcoin Holds Ground Near Two-Month High Amid Regulatory Tailwinds, Strategy’s $1.4B Bet

Bitcoin held steady on Tuesday, consolidating recent gains driven...

SecondSwap Launches on Avalanche to Revolutionize Locked Token Trading

In a significant leap for decentralized finance, SecondSwap—the first...

Crypto Slump Deepens: Layer 1 Networks and Meme Coins Bear the Brunt

Cryptocurrency markets are facing renewed pressure in the wake...