Post
Topic
Board Project Development
Re: Mixin Safe: A Convenient and Decentralized Multisig + MPC + Timelock solution
by
o_e_l_e_o
on 25/09/2023, 15:17:47 UTC
The whole point of this "Mixin Safe" was that the recovery key held by Mixin themselves was only usable after a 90 day timelock, and that the owner of the safe could use the 2 keys available to them to move their funds at any time. Therefore this hack, loss of funds, and suspension of withdrawals and deposits should not affect Mixin Safe in any way. If it does, then someone has been lying at some point. Can anyone who is actually using Mixin Safe verify they can still access their coins?

Also, does someone want to explain how a "decentralized network" can have a single centralized database stored on Google's servers? I did point out earlier in this thread how basing this whole thing on a centralized altcoin was a bad idea, but no one seemed to care: https://bitcointalk.org/index.php?topic=5459401.msg62581204#msg62581204

Looks like they are going to launch another centralized shitcoin in order to cover the losses: https://www.theblock.co/post/252716/mixin-network-founder-says-just-half-users-assets-are-safe-after-200-million-hack