Cryptocurrency Heist: $200 Million in Crypto Stolen in Cloud Service Provider Hack
Mixin Network falls victim to a hack, losing $200 million worth of cryptocurrencies, while investigations and security measures are underway.
A staggering $200 million worth of cryptocurrencies has been stolen in a major security breach involving a cloud service provider. The victim, Mixin Network, confirmed the incident on Saturday, revealing that it had fallen victim to an attack by unidentified threat actors who targeted the company’s cloud service providers.
Mixin Network, a cryptocurrency network, disclosed the attack via a Twitter thread. While it suspended deposit and withdrawal services in response to the breach, internal transfers within the network remain unaffected. The specific cloud provider utilized by Mixin was not disclosed, but the company stated that it had reached out to Google and enlisted the assistance of blockchain security firm Slow Mist to conduct a thorough investigation.