Peer-to-peer crypto project Mixin was hacked this weekend in what is the biggest crypto exploit of 2023 so far.
Today, Mixin Network announced on social media platform
“We have contacted Google and blockchain security company Slow Mist to assist with the investigation. After the initial verification, the funds involved amount to approximately $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 addressed. During this period, transfers will not be affected.”
According to blockchain sleuth and crypto researcher ZachXBT, the stolen crypto assets include Ethereum (ETH), Bitcoin (BTC), and Tether USD (USDT).
ZachXBT too Posted the hackers’ apparent addresses on his Telegram channel.
According to BlockSec, a crypto security firm, the attacker emptied Mixin’s Ethereum addresses from largest to smallest balance in approximately 10,000 transactions. The company too say the attacker could likely compromise Mixin’s security by gaining access to the data cloud.
“While we are not clear about Mixin’s internal security architecture, based on these facts, combined with the previously disclosed information that the database has been compromised, it can be concluded that:
1) the private keys of Mixin deposit addresses are stored in a recoverable manner.
2) the attacker compromised the cloud and recovered the private keys of deposit addresses (and hot wallet addresses).”
If the total assets stolen from Mixin Network total more than $200 million, this will become the biggest crypto hack of the year, with the $197 million Euler Finance hack, which took place in March, a close second .
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