PEOPLESECURITY

Mixin Network hacked for $200 million, the largest case this year; Zhao Changpeng: Difficult to understand the reason for the hack.

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Mixin Network hacked for $200 million, the largest case this year; Zhao Changpeng: Difficult to understand the reason for the hack.

The public chain Mixin Network was hacked for about $200 million due to a "cloud service provider database attack," making it the top hack of the year. Binance CEO Changpeng Zhao CZ also expressed confusion over the cause of the hack. Additionally, Mixin had previously collaborated with Li Xiaolai and, after the hack, was only willing to compensate 50%, sparking controversy.

Mixin Becomes the Biggest Hacking Event of the Year

According to cybersecurity firm PeckShield, as of September 25th this year, Mixin confirmed a hacking amount of $200 million, making it the largest hacking event of the year.

DeFi lending protocol Euler Finance was hacked for $197 million in early March this year, ranking second, but the hackers have since returned the funds in batches.

  • After Euler's hack｜Hackers have fully returned the funds, but users refuse to refund Nexus Mutual insurance claims

  • Hackers return a large amount of funds to Curve Finance: Clarify that returning the money is not out of fear of being traced, angrily claiming to be smarter than everyone else

Zhao Changpeng Comments: Difficulty Understanding Mixin Hack

Zhao Changpeng stated that he is not very familiar with Mixin Network, but finds it difficult to understand how a network that claims to be decentralized and peer-to-peer could lose half of its user assets due to a hack on a "database."

He urged:

Not everything claiming to be decentralized is truly decentralized, please pay attention to asset security.