Hackers steal $200 million from Mixin, a decentralized crypto platform

Hackers steal $200 million from Mixin, a decentralized crypto platform

Mixin, a Hong Kong-based crypto firm, said on Sunday that it was breached and that the hackers stole around $200 million.

The company also said it contacted Google and the cryptocurrency security firm SlowMist to help with the investigation.

It declares its product as an 'open and transparent decentralized ledger,' which is collectively booked and maintained by 35 mainnet nodes. The Mixin Network is a decentralized exchange and cross-chain network that allows users to transfer digital assets.

It's also clear how hackers were able to steal the money after hacking into Mixin's cloud database, given that Mixin is decentralized.

In an email to TechCrunch, Google spokeswoman Melanie Lombardi said Mandiant is a cyber incident response firm acquired by Google last year.

In response to a request for comment, Mixin and SlowMist did not immediately respond to a request for comment.

In the statement, Mixin said that it will announce an unspecified'solution' to deal with the stolen assets at a later date.

Rekt, a website that publishes a list of hacked crypto organizations and projects, maintains the hack on Mixin as the biggest theft in the crypto world in 2023. The previous high theft was the case of Euler, a crypto lending platform, that experienced an attack that resulted in the loss of around $197 million in March.

ET: This story has been updated to include comment from Google's spokeswoman.