Decentralized exchange Mixin Kernel recently announced that it was the victim of a hacking attack, resulting in the loss of assets worth around $200 million. The attack occurred on September 23 and the exchange has suspended deposit and withdrawal services on the Mixin network while seeking assistance from Google and blockchain security firm Slowmist.
Slowmist had issued a security alert about the attack just minutes before Mixin Kernel confirmed it. The exchange’s founder, Feng Xiaodong, is expected to provide an update on steps being taken to recover the lost funds via a livestream.
Some users have raised concerns about decentralized platforms relying on centralized cloud service providers. However, one user suggested that this hacking incident was a rug-pull initiated by CEO Cedric Fung.
Overall, Mixin Kernel is working to address the vulnerabilities and minimize losses while expressing gratitude for ongoing support from its users.
The decentralized exchange Mixin Kernel revealed that it had fallen victim to a hacking attack resulting in the loss of approximately $200 million worth of assets. As a result, the platform has halted deposit and withdrawal services on its network. To address the situation, Mixin Kernel has reached out for help from Google and Slowmist, a blockchain security firm.
The Slowmist team released a security alert regarding the attack on the Mixin Network cloud service provider database, which involved around $200 million. They are currently aiding in the investigation.
In an effort to keep users informed, Mixin Kernel’s founder, Feng Xiaodong, plans to provide an update on recovery efforts through a livestream. The exchange hopes to recover as much of the lost funds as possible and apologizes for any inconvenience caused.
Some users have raised questions about decentralized platforms relying on centralized cloud service providers. However, others speculate that the hacking incident may have been initiated by Mixin Kernel’s CEO, Cedric Fung.
The decentralized exchange Mixin Kernel has recently experienced a hacking attack resulting in significant losses. The platform has taken immediate action by suspending services and seeking assistance to address the situation. While concerns over the use of centralized services persist, Mixin Kernel is determined to recover the lost funds and appreciates the support of its users.
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