All data stored on Google Cloud?

Bail003

"Blockchain security firm SlowMist tweeted on the morning of the 25th, indicating that the database of Mixin Network, a public chain, was attacked on September 23, with an estimated amount involved of around $200 million. SlowMist is currently assisting in the investigation.

Mixin Confirms $200 Million Hack

Around half an hour later, Mixin tweeted to confirm that their cloud data was indeed attacked in the early hours of the 23rd, resulting in the loss of some assets on the mainnet. They have now contacted Google and SlowMist to assist in the investigation and confirmed that the amount involved is indeed approximately $200 million.

Mixin founder Feng Xiaodong to explain in a live broadcast

Mixin has currently suspended on-chain deposits and withdrawals and has reached a consensus with all nodes. Once the vulnerabilities are fixed, they will restart the service.

Regarding the substantial loss of assets, Mixin will announce a solution later, and founder Feng Xiaodong will explain the incident through a live broadcast on September 25th at 13:00 Beijing time.

Crypto Twitter Mocks Mixin

Mixin describes itself on Twitter as ""a decentralized network for free, lightning-fast, and specialized digital asset transfers.""

As a result, the crypto community is quite puzzled that a public chain claiming to be decentralized was hacked because all of its data was stored on a centralized cloud service provider.

Li Xiaolai once supported Mixin

Mixin's early flagship product was a wallet, and marketing activities such as checking in for BTC rewards and Li Xiaolai constantly promoting BTC dollar-cost averaging in the wallet have led to skepticism within the community that Mixin may be a scam. Jiang Zhuoer, founder of B.TOP mining pool, also brought up an early statement, saying, ""Do you think that BTC is stored on Mixin's chain? I'm sorry, what Mixin stores are tokens that can be exchanged for BTC by the operator. If the operator doesn't exchange it, runs away, gets seized, stolen, or goes bankrupt, your BTC is gone.""

The crypto community mocked this by asking if they were helping hackers dollar-cost average?

The amount involved accounts for nearly 60% of Mixin TVL

According to DefiLlama, although Mixin's ecosystem has only 10 protocols, it still ranks 10th among all public chains with a TVL of $351 million. After the security incident was reported, TVL dropped from about $386 million to $351 million. However, if the amount affected is indeed as high as $200 million, it will have a significant impact on the Mixin ecosystem."

Anil333

Wish you good results!

Kamal531

With so many wallets, it's really difficult to decide which one to choose.