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?
Why is it so hard for you to understand that there are tons of people who will still buy it despite the fact that company is insolvent? Look, everything depends on how you lie to people and believe me, a lot of people will look at their bond tokens like the best opportunity to invest in an innovative
(they will wrap their product as innovative and a lot of people will believe it) company. Mixin also will offer them best terms to attract as many people as possible to sell them.
It's easy, you and me won't buy it but billions of people will because people lack critical thinking. You know what? When people ask medical questions to google, they aren't looking for Mayoclinic links, they visit the first link that Google shows them and this first link can be a website of snake oil salesman.
Some will buy due to a "lack of critical thinking," while others will see it as a promising investment opportunity. People frequently profit from risky ventures; there's nothing new about it.
The way I see it, Mixin has three major institutional investors, including Blockchain R&I, LongMen Fund, and INBlockchain. Li Xiaolai, the owner of INBlockchain, alone reportedly has a net worth of around $3.5 billion. I doubt they'd be willing to let their investment go to waste so easily, regardless of the hack.