Mixin Network Losses Nearly $200M in Hack

Mixin Network has confirmed a report from SlowMist, a blockchain security consultancy, that it has been hacked for nearly $200 million. “In the early morning of September 23…the database of Mixin Network's cloud service provider was attacked by hackers, resulting in the loss of some assets on the mainnet,” Mixin Network said in a statement. Mixin Network is a service similar to a layer-2 protocol, designed to make cross-chain transfers cheaper and more efficient. According to a monthly report from July, the top 100 assets on the Mixin Network have a value of just over $1.1 billion. The firm reports that there were 663,489 unique monthly transactions of bitcoin (BTC).

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