Decentralized peer-to-peer network Mixin Network temporarily suspended deposit and withdrawal services following a security incident that saw $200 million stolen from the company.
The incident, which took place on September 23, 2023, is related to the hack of Mixin Network’s cloud provider.
“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 […] After initial verification, the funds involved are approximately US$200 million. Deposit and withdrawal services on Mixin Network have been temporarily suspended. 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,” the company explained in a post.
Mixin Network currently supports 48 public chains with total network assets exceeding $1 billion.
The wallet service appointed blockchain security firm SlowMist, as well as Google, to help investigate the attack.
In related news, crypto exchange Remitano said it lost $2.7 million following a data breach from a third-party source that compromised some of its sensitive data.
As a result, a small amount of funds from the exchange's hot wallets were transferred to suspicious wallet addresses through unauthorized withdrawal transactions, the company said, adding that users’ assets have not been affected by the incident.