Cryptocurrency Heist: $200 Million in Crypto Stolen in Cloud Service Provider Hack

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.

Cryptocurrency networks and associated services have become prime targets for cybercriminals. Even state-sponsored threat actors, such as the Lazarus Group, frequently target cryptocurrency projects, utilizing stolen funds to finance various activities, including weapons programs and cyberattacks. Cryptocurrencies also play a central role in ransomware attacks, as cybercriminals often demand ransom payments exclusively in digital currencies.

A Major Cryptocurrency Heist