Mixin Network Explained

Mixin Network is a Hong Kong–based peer-to-peer financial transaction network provider.[1] In July 2023, it claimed to have over 1 million users.[2]

In September 2023, Mixin Network was hit by an attack on its cloud computing supplier, leading to the loss of an estimated $200 million of assets.[3] Following the compromise, it suspended deposits and withdrawals.[4] [5]

Notes and References

  1. Web site: Mixin Network suspends operations following $200 million hack . 2023-09-25 . BleepingComputer . en-us. Bill . Toulas.
  2. Web site: Franceschi-Bicchierai . Lorenzo . 2023-09-25 . Hackers steal $200M from crypto company Mixin . 2023-09-26 . TechCrunch . en-US.
  3. Web site: Hardcastle . Jessica Lyons . Mixin suspends some crypto services after $200m heist . 2023-09-25 . www.theregister.com . en.
  4. News: 2023-09-25 . Defi Project Mixin Network Suspends Services After $200 Million Crypto Hack . en . Bloomberg.com . 2023-09-26. Sidhartha . Shukla.
  5. News: Howcroft . Elizabeth . 2023-09-25 . Hong Kong crypto firm Mixin hit by $200-million hack . en-CA . The Globe and Mail . 2023-09-26.

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