Mixin Network, a platform for cross-chain asset transfers and decentralized exchanges, experienced a hack on September 23, which resulted in a potential loss of up to $200 million.
Mixin Network Has Suffered A Hack
Mixin Network, a transactional platform that claims to make cross-chain asset transfers more efficient, experienced a hack on September 23, which resulted in a potential loss of up to $200 million.
The attack targeted Mixin Network's third-party cloud service provider. The platform momentarily ceased deposit and withdrawal services as a result. The team aims to reinstate these services after all 35 mainnet nodes have reached an agreement.
The project has undergone security audits by firms such as SlowMist, IO Active, and CertiK. However, critics highlighted concerns about the network's centralization due to the mentioned cloud service provider and the suspension of withdrawals.
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