Image: Mika Baumeister (unsplash)
Mixin Network, renowned for its open-source, peer-to-peer digital asset transactions, disclosed on Twitter that it has halted deposits and withdrawals in light of a significant $200 million breach the platform experienced over the weekend.
The unsettling event took place on September 23, during the early hours as per Hong Kong’s timezone. Intriguingly, the perpetrators targeted Mixin’s cloud service provider’s database.
This enormous financial setback has cast shadows of concern among the platform’s dedicated user base.
The Mixin team has intimated that they are actively exploring corrective measures in response to the asset losses. However, specifics regarding these measures will be shared at an upcoming date.
In an effort to keep stakeholders informed, Mixin’s founder, Feng Xiaodong, plans to provide more comprehensive insights into the incident through an anticipated public briefing later in the day.
Prominent blockchain monitoring entities such as PeckShield and Lookonchain have pinpointed approximately $141 million of the misappropriated assets. A breakdown reveals $93.5M in ETH, $23.5M in DAI (converted from USDT), and $23.3M in BTC.
This breach places the Mixin event high on the list of notable digital currency thefts for the year, leading to speculations surrounding the Lazarus group’s involvement.
The reputed digital currency-specialized hackers have previously been accused of misappropriating a staggering $240,000,000 in digital assets this year, with platforms like Atomic Wallet, Alphapo, Stake.com, and CoinsPaid falling victim.
However, up until now, there’s no conclusive evidence tying the Lazarus group to the Mixin breach, nor any clear indications of their participation.
Reliable updates on this evolving situation will be furnished by BleepingComputer once more verified details emerge.