Mixin Network suffered a breach in its third-party cloud server database resulting in the theft of nearly $200 million worth of digital assets.
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The Web3 security platform now allows projects to deposit bounty funds to a Safe smart contract, proving the funds are available.
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Xiaodong Feng, Mixin’s founder, immediately outlined a compensation plan but would only reimburse up to 50% of users’ assets for now.
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Mixin Network suspended all deposits and withdrawals and will restart the services “once the vulnerabilities are confirmed and fixed.”
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The total value locked in DeFi plunged by nearly $5 billion in the past week, falling to $44 billion, according to DappRadar data.
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Over the last decade, Mt. Gox has repeatedly postponed plans to reimburse the funds that the crypto exchange had barred its users from withdrawing since Feb. 25, 2014.
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Blockchain security firms SlowMist and CertiK also believe the crypto wallet drainer, Angel Drainer, was involved in the estimated $238,000 exploit.
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CoinEx has rebuilt its wallet system following a $70 million hack and is set to resume deposits and withdrawals for select cryptocurrencies.
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The platform notified its community on Sept. 19 at 11:49 pm UTC, urging users not to interact with the Balancer protocol until further notice.
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CoinEx confirms that compromised private keys gave hackers access to hot wallets, leading to a $70 million hack.
5305 - Markets News
The Lazarus Group has mastered the art of stealing crypto investors’ assets. Here are a few tips on how investors can protect their portfolios.
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Mark Cuban confirmed that he was hacked but doesn’t know precisely how.
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Crypto bad actors from the Democratic People’s Republic of Korea have stolen $340.4 million in 2023, down from $1.7 billion from the prior year, but that’s no reason to feel at ease.
3626 - Breaking news
The Remitano exchange experienced suspicious transactions, as over $2.7 million was drained from its wallet by a single account.
4825 - Newsletter
Google will allow NFT game advertisements that do not have any gambling or gambling services included within the games.
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