Post
Topic
Board Project Development
Re: Mixin Safe: A Convenient and Decentralized Multisig + MPC + Timelock solution
by
o_e_l_e_o
on 26/09/2023, 08:48:05 UTC
As far as I know, they only recently came to the forum and most of the forum users heard about them for the first time then. It is certainly still new to Bitcointalkers.
They paid 100 users to use and review their service. Did not a single one of these users continue to use the service afterwards? That's a pretty big red flag.

Well, I was more focused on this with the question, were the hacked funds protected with multi-sig or time-locked?
If they had been, then it is highly unlikely they would have been hacked. By all accounts, they were simply in a hot wallet, and a hot wallet stored in the cloud, no less.

Losing funds from hot wallets makes me feel I'm back in 2013 or something.  Grin
Why? It happens on a near enough weekly basis. This hack is what, not even two days old, and already we've had another hack with Huobi losing $8 million in ETH. All centralized exchanges are the same. Rather than spend time, money, and resources to implement good security protocols, they play fast and loose with the security of your coins and the security of your data because they don't give a shit if you end up losing everything, as long as they line their pockets in the process.