Mixin Network, a peer-to-peer transactional network for digital assets located in Hong Kong, has gained headlines in an unexpected turn of events as it deals with the fallout from a significant security breach. The network’s cloud service provider’s database was hacked in the event, which has already been named the biggest breach of 2023 and resulted in losses of almost $200 million.
59,854 Ethereum (ETH) valued at $96.82 million, 23.55 million DAI, and 891 Bitcoin (BTC) are among the stunning $142 million in assets that the hacker’s accounts now hold, according to statistics from Etherscan.
Mixin Network started an asset inventory procedure right away in reaction to the occurrence. Shiba Inu tokens were also included in this audit because a staggering 61.8 billion SHIB, worth $448,000, were moved to a new wallet. Surprisingly, the former Mixin addresses’ combined amount of $1.12 million is all that is left of the Shiba Inu tokens. The new address, meanwhile, already has a portfolio with a minimum $13.7 million worth.
Mixin Network has given the hackers an extraordinary offer as the investigation progresses. The network is prepared to give out a $20 million prize in an effort to recover the assets that were stolen, admitting that there is a weakness in what was intended to be a “decentralised” blockchain.
The FBI may also be involved in the investigation given the likelihood that North Korean hackers are responsible for the bold attempt, according to rumours.
