The cryptocurrency company Mixin has reported a major security breach resulting in the theft of approximately $200 million, the attack, which occurred early on Saturday, is considered one of the largest cryptocurrency thefts of 2023 and among the biggest breaches in the history of cryptocurrency in terms of stolen assets.
Mixin, a Hong Kong-based network for digital asset transfers, revealed the breach via its Twitter account, stating that its cloud service provider’s database had been compromised by hackers, leading to the loss of around $200 million in US dollars.
[Announcement] In the early morning of September 23, 2023 Hong Kong time, the database of Mixin Network's cloud service provider was attacked by hackers, resulting in the loss of some assets on the mainnet. We have contacted Google and blockchain security company @SlowMist_Team…
— Mixin Kernel (@MixinKernel) September 25, 2023
The company has temporarily suspended user withdrawals from the network while they address the security vulnerabilities. However, cryptocurrency transfers remain unaffected, and Mixin plans to provide a solution to recover the lost assets.
This breach comes on the heels of cryptocurrency thefts exceeding $3.8 billion in value in the previous year, making it the worst year on record in terms of the volume of stolen assets.
It highlights the importance of security in the cryptocurrency industry and the challenges it faces in safeguarding digital assets.
