And who's saying that Mixin wasn't trustworthy? I'm not defending, but as far as we know, they got hacked
The fact that they kept $200 million of
other people's money in a hot wallet is what makes them not trustworthy. If a bank loses my money, I don't trust them. The same goes for any other company.
From what was said by the founder Feng Xiaodong[1] they lost 50% 100% of customers' money, but they would refund 50% through issuing bond tokens out of thin air for the victims to claim, and this bond tokens would be repurchased by the platform in the future. I don't think that's going to happen, and i believe Mixin network may be insolvent right now.
That sounds a lot like what a large exchange did in the past. Who's going to buy made up "bond tokens" of an insolvent company
hoping they won't lose more money in the future?