The company intends to resume its services once the vulnerabilities exploited in the attack are identified and remedied. As for the assets lost in the breach, Mixin Network pledged to announce a solution at a later date, expressing deep regret for the incident and thanking its supporters for their ongoing backing.
The native token of Mixin Network, XIN, experienced a significant decline in value following the breach, plummeting from a high of $208 the day before the incident to $189 afterward, representing a substantial drop of approximately 9%. While cryptocurrency markets are known for their volatility, a 9% decline within a single day is noteworthy.
