Mixin Network Suffers $200 Million Hack, Founder Admits Only Half of Users' Assets Safe
TL;DR Summary
Mixin Network, a layer-2 protocol for cross-chain transfers, has confirmed a hack resulting in the loss of approximately $200 million. The network's reliance on a centralized database has been criticized as a single point of failure. Mixin Network's founder is expected to address the issue in a live stream.
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- Latest DeFi Exploit Hits Mixin Network for $200 Million BeInCrypto
- Hong Kong Crypto Firm Hit by $200 Million Hack U.S. News & World Report
- View Full Coverage on Google News
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