Today: 22 August 2025
27 September 2023
1 min read

Crypto firm Mixin hit by $200 mn hack, halts services

In addition, the company said it contacted Google and blockchain security company SlowMist to help with the investigation…reports Asian Lite News

Hong Kong-based crypto company Mixin has announced that the hackers stole around $200 million in a data breach that occurred on September 23.

After learning about the data breach, the company temporarily suspended the services. “In the early morning of September 23, 2023, Hong Kong time, the database of Mixin Network’s cloud service provider was attacked by hackers, resulting in the loss of some assets,” the company wrote on X on Monday.

“After initial verification, the funds involved are 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 fixed,” it added.

In addition, the company said it contacted Google and blockchain security company SlowMist to help with the investigation. Mixin also stated in the announcement that it will announce an unspecified “solution” to deal with the stolen assets at a later date.

“We will try our best to minimise the losses and deeply apologise for this,” the company said. Last week, global cryptocurrency exchange CoinEx, which recently suffered a data breach, losing nearly $70 million, asked hackers to negotiate with the company while also promising a generous bounty reward if they return the stolen assets.

Hackers behind the CoinEx attack were identified as the North Korea-sponsored Lazarus Group. On September 15, CoinEx stated in an open letter, which it posted on X that the hack incident served as a lesson for the company and made it more aware of its responsibility to ensure robust asset security.

ALSO READ-Mark Cuban Loses $870K in Crypto Scam

Previous Story

AI may help find life on Mars, other planets  

Next Story

OpenAI to raise funds at a valuation of $80-$90 bn

Latest from -Top News

US sanctions more ICC judges

Washington hits at The Hague with fresh sanctions on four ICC judges and prosecutors, including French and Canadian officials, over probes targeting Israel and US actions abroad….reports Asian Lite News The United

UAE Wows Osaka!

The UAE Pavilion at Expo 2025 Osaka celebrates its three millionth visitor, blending culture, innovation, and hospitality in an immersive showcase of heritage, sustainability, and forward-looking global vision….reports Asian Lite News The

MBS & Sisi talk ties, Palestine

The two leaders reviewed the historic and strategic relations between Riyadh and Cairo and explored new ways to bolster cooperation…reports Asian Lite News Saudi Crown Prince and Prime Minister HRH Mohammed bin

Dubai’s startup supernova

Marking its 10th year, Expand North Star cements Dubai’s role as a global hub for digital innovation, uniting startups, unicorns, and investors to shape the future economy….reports Asian Lite News Expand North

Qatar: Syria’s stability key to region

Qatar, speaking for the Arab Group at the UN, urged unity and sovereignty for Syria as regional diplomacy, UN warnings, and fragile ceasefires highlight a precarious crossroads….reports Asian Lite News Qatar, speaking
Go toTop