
Mixin Network, a Hong Kong-based digital wallet firm, suspended deposits and withdrawals after the company was attacked by hackers on Sept. 23.
The target was the database of the company's cloud service provider, Mixin said, without identifying the attackers. The company has contacted Google and the blockchain security company @SlowMist_Team to help in the investigation.
Mixin Network is an open-source and decentralized platform that aims to bring speed and scalability to the blockchain, according to the company's website.
This could be one of the biggest attacks of 2016 this year, according to the website DefiLlama, which tracks crypto hacks. The total losses for the Mixin hack in 2023 totaled $735 million, according to DefiLlama data. Last year, hackers took more than $3.2 billion in 60 hacks.