Hong Kong-based crypto firm Mixin announced that hackers have managed to steal around $200 million from its database.
In a post on social media platform X, the company, which describes itself as a network for transferring digital assets, said 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 to assist with the investigation. After initial verification, the funds involved are approximately $200 million,” the company said.
The hacking incident, which was believed to have occurred in the early morning of September 23, 2023 Hong Kong time, forced Mixin to temporarily suspend deposit and withdrawal services on Mixin Network.
“After discussion and consensus among all nodes, these services will be reopened once the vulnerabilities are confirmed and fixed. During this period, transfers are not affected,” Mixin said.
Mixin said it will announce a solution for “how to deal with the lost assets”.
“We will try our best to minimize the losses and deeply apologize for this,” it added.