Crooks stole $200 million worth of assets from Mixin Network

Crooks stole $200 million worth of assets from Mixin Network

Crooks stole $200 million from Mixin Network, a free, lightning fast and decentralized network for transferring digital assets.

Mixin Network, the Hong Kong-based crypto firm behind a free, lightning fast and decentralized network for transferring digital assets announced it has suffered a $200 million cyber heist.

The company suspended deposits and withdrawals immediately after the discovery of the security breach that took place early in the morning of September 23, 2023.

The company disclosed the incident on Twitter, threat actors had access to the database of Mixin Network’s cloud service provider stealing some assets on the main net.

The company plans to restore its services once it has identified the vulnerabilities exploited by the attackers and fixed them.

The company is investigating the security breach with the support of the security firm SlowMist.

This incident is the largest crypto hack this year.

According to a report published by blockchain cyber security firm Elliptic, in the past 104 days, the North Korea-linked APT group Lazarus has stolen most of $240 million in crypto assets from multiple businesses, including Atomic Wallet ($100m), CoinsPaid ($37.3M), Alphapo ($60M), and Stake.com ($41M). 

The group is also suspected to have recently stolen $31 million from the professional global cryptocurrency exchange CoinEx.

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Pierluigi Paganini

(SecurityAffairs – hacking, Mixin Network)