Post
Topic
Board Project Development
Merits 4 from 1 user
Re: Mixin Safe: A Convenient and Decentralized Multisig + MPC + Timelock solution
by
Igebotz
on 02/10/2023, 13:18:26 UTC
⭐ Merited by LoyceV (4)
Nope! This is the pop up message!

"Server under maintenance "
The promise was for you to be able to recover your funds after a timelock expires, but they didn't explain how to do it. Even worse: if it's set up the way I think it is, they too would be able to have 2 out of 3 keys by the time the timelock expires.

The CEO stated that the timelock will only expire if the vulnerabilities are found and fixed - in other words, users can only get their funds back if the hackers refund some of the money, which I doubt will happen.  This will culminate in the creation of some form of debt token that will be distributed to users in order to compensate for loss.

Particia EX did precisely that when they got hacked last year.