Mixin Network, a peer-to-peer transactional network for digital assets, has taken the drastic step of suspending deposits and withdrawals after suffering a substantial $200 million hack. The breach occurred on September 23 and primarily targeted the database of Mixin’s cloud service provider.
Furthermore, this attack has left the platform’s users deeply concerned due to the significant loss of assets. While Mixin has committed to addressing the issues stemming from this breach, specific solutions have not yet been disclosed.
The stolen assets in this hack have been tracked by blockchain analysts, with approximately $141 million identified. The breakdown includes $93.5 million in ETH, $23.5 million in DAI (swapped from USDT), and $23.3 million in BTC. This incident ranks among the most significant cryptocurrency heists of the year and raises suspicions about the involvement of the Lazarus group.
Known for their expertise in crypto heists, this North Korean hacking group has been linked to various cryptocurrency breaches this year, totaling $240 million in stolen funds. However, as of now, there is no concrete evidence tying the Mixin hack to the Lazarus group.