Decentralized Mixin Network reports a massive $200 million hack involving a third-party cloud service provider's database compromise
On September 23, Mixin Network lost $200 million in crypto assets, resulting in an immediate suspension of deposit and withdrawal services
Mixin Network is collaborating with SlowMist and Google to investigate the hack and work on asset recovery
At the time of the hack, Mixin held $94.48 million in Ether, $23.55 million in DAI, and $23.3 million in Bitcoin. Total portfolio: $141.32 million
Deposits and withdrawals on Mixin Network will resume after confirming and fixing vulnerabilities. Plans for user asset recovery are pending
Mixin Network promised an explanation from founder Feng Xiaodong in a live stream on Sept 25 but didn't provide links on official channels
In a related incident, Ethereum co-founder Vitalik Buterin also faced a hack through a SIM swap attack, highlighting the importance of mobile security in crypto