Hong Kong crypto firm hit by $200 million hack
- Hackers executed the largest crypto theft so far this year, stealing approximately $200 million from Mixin, a crypto firm based in Hong Kong. The hackers attacked the database of Mixin's network's cloud service provider, resulting in the loss of some assets.
- Mixin's $200 million hack ranks it as the 10th largest crypto hack of all time based on the volume of crypto stolen. The blockchain research firm Elliptic confirms that this hack is the biggest one recorded in 2023.
- The stolen funds highlight the ongoing vulnerability of crypto firms to cyber attacks, posing a significant risk to the security of digital assets. The incident serves as a reminder for crypto investors to remain vigilant in protecting their investments.
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Leaning Left2Leaning Right1Center6Last Updated2 months agoBias Distribution67% Center
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