Post
Topic
Board Project Development
Re: Mixin Safe: A Convenient and Decentralized Multisig + MPC + Timelock solution
by
Rruchi man
on 25/09/2023, 08:13:26 UTC
Warning everyone that Mixing Networks suspended services after database hack involving $200 million, so temporarily they suspended deposit and withdrawal services!
SlowMist is investigating this hack, and I am thinking if only coins got stolen or personal information of customers (phone numbers, email addresses) are also exposed.
This is how ''safe'' cloud services are, and this is how ''decentralized'' this  network is.  Tongue

Official Mixin tweet:

Quote
[Announcement] 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 on the mainnet. We have contacted Google and blockchain security company @SlowMist_Team
 to assist with the investigation. After initial verification, the funds involved are approximately US$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. During this period, transfers are not affected.

Regarding how to deal with the lost assets, the Mixin team will announce the solution afterward. Mixin founder Feng Xiaodong will explain this incident in a public Mandarin livestream at 13:00 HKT on September 25, 2023. Please help spread the word. We will summarize the content in English afterward for easy reference. We will try our best to minimize the losses and deeply apologize for this. Thank you, everyone, for your continuous support
https://twitter.com/MixinKernel/status/1706139175018529139
I had this notification this morning, I like that the Mixin group were prompt to notice the attack and send out notifications to users of the app to know about why the deposit and withdrawal services have been suspended temporarily. It will reduce the tension that would have been experienced if users had noticed it without a prompt notification for the reason.

I am looking to see the announcement by the mixin team.