Mixin Network Appeals to Hacker for the Safe Return of User Assets
Mixin Network, which recently suffered a cyber attack resulting in a loss of approximately $200 million, has publicly reached out to the individual responsible for the breach. The network is offering a Bug Bounty Reward of $20 million as an incentive for the secure recovery of user assets.
Mixin Network’s Plea to the Hacker
Through a message on Etherscan, Mixin Network appealed to the hacker, stating that most of their platform assets belong to users and requesting a refund. They offered to let the hacker keep $20 million of the assets as a Bug Bounty Reward for discovering and exploiting the vulnerability. Contact information was also provided for further discussions about the reward.
Hacker’s Historical Relationship with Mixin Network
An investigation by 0xScope revealed that an address associated with the hacker received 5 ETH from Mixin Network in the past, which was later deposited into Binance. The hacker’s identity remains unknown.
Update on Mixin Network’s Actions Following the Hack
The cyber attack occurred on September 23 and resulted in a compromise of the database of a third-party cloud service provider used by Mixin Network. As a precaution, all deposit and withdrawal services were suspended. Mixin Network reached out to Google (Mandiant) and SlowMist_Team for assistance with the investigation. The team has made progress in assessing the losses and stated that they are not as significant as initially estimated.
Cautionary Measures and Reimbursement Process
Mixin Network advises users to refrain from making transactions or engaging in market activities on the platform temporarily to prevent further losses. The team is still working on providing more information about the reimbursement process, which will be communicated to affected users in the future.
Hot Take: Mixin Network Offers Bug Bounty Reward for Stolen Assets
Mixin Network has made a public appeal to the hacker responsible for the recent $200 million exploit. They are offering a substantial Bug Bounty Reward of $20 million in exchange for the safe return of user assets. This move shows Mixin Network’s commitment to recovering and protecting their users’ funds. By reaching out directly to the hacker, they are taking proactive steps to resolve the situation. It remains to be seen whether the hacker will accept this offer and return the assets. In the meantime, Mixin Network is diligently working on assessing the losses and providing support to affected users.
Source: CryptoPotato
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