Mixin Network, a leading decentralized chain protocol, recently suffered a major security breach that resulted in the loss of approximately $200 million worth of digital assets.
Mixin Network Offers $20 Million Reward for $200 Million Loss
Mixin Network directly contacted the person responsible for the $200 million shortfall, offering a significant reward of $20 million for the return of the remaining funds.
In the message sent to the hacker and encrypted with transaction details, they are asked to take into consideration the fact that most of the stolen assets belong to platform users.
The message includes the following statements: “Most of our platform assets belong to users and we hope you can return them. You can keep $20 million of the assets as a reward.”
The vulnerability in question was officially confirmed by Mixin Network on September 25. According to the company's statement, attackers successfully compromised a third-party cloud service provider, causing a significant loss.
Mixin founder Feng Xiaodong assured affected users that the company will provide refunds of up to a maximum of 50%. The remaining amount will be returned as bond tokens, which Mixin will then buy back using its earnings.
*This is not investment advice.
