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Posted 9/25/2023, 4:29:26 PM

Crypto Platform Mixin Loses $200 Million in Major Hack

Crypto company Mixin announced it was hacked and $200 million in assets were stolen
Hackers breached Mixin's cloud database provider to steal the funds
Mixin has halted deposits and withdrawals and is working with Google and SlowMist on investigation
This is the biggest crypto theft reported in 2023 so far
It's unclear how hackers stole funds from Mixin's supposedly decentralized network

techcrunch.com

Relevant topic timeline:

8/1/2023

Curve Finance’s $62M exploit exposes larger issues for DeFi ecosystem

Main topic: Hackers stole $62 million from Curve Finance, raising concerns about the strength of the decentralized finance ecosystem. Key points: 1. Curve Finance is one of the largest decentralized exchanges (DEX) with $1.67 billion in total value locked (TVL). 2. Several DeFi projects' pools were also hacked, resulting in significant losses. 3. The hack was caused by a bug in older versions of the Vyper compiler contract programming language. 4. The hack represents about 4% of Curve's TVL, but a white hat hacker returned $5.4 million to Curve. 5. The hack highlights ongoing challenges and vulnerabilities in the crypto space.

8/24/2023

Bitcoin miner gets life in prison, China offers bounties for crypto firms: Asia Express

A Hong Kong crypto exchange, HashKey, will begin retail trading on August 28, allowing residents to invest up to 30% of their net worth into cryptocurrencies with a warning if the limit is exceeded; meanwhile, China is cracking down on private blockchain firms, arresting crypto executives and seizing assets, and the FBI has traced down $41 million in Bitcoin stolen by North Korean hackers from various projects.

9/11/2023

Hackers Drain $691K in NFTs After Hijacking Vitalik Buterin's Twitter Account

Hackers stole over $691,000 from Ethereum founder Vitalik Buterin's followers by posting a malicious phishing link that provided access to their wallets, with the majority of the stolen value being non-fungible tokens (NFTs).

9/15/2023

North Korean Hackers Lazarus Stole $240M in Crypto in 104 Days Through Major Exchange Hacks

Notorious North Korean hacking group Lazarus, which has been increasingly active, is responsible for five major crypto hacks in the past three months, including the recent $54 million hack of global cryptocurrency exchange CoinEx, bringing their total theft to almost $240 million in just 104 days, according to a report by blockchain surveillance firm Elliptic.

9/19/2023

CoinEx Loses $70M in Hot Wallet Hack, Aims to Resume Withdrawals Within 7 Days

Hong Kong-based cryptocurrency exchange CoinEx has confirmed that compromised private keys allowed hackers to steal over $70 million worth of tokens, and is working on rebuilding its wallet system to restore functionality and compensate affected users.

9/23/2023

Hacker Breaches Crypto Data Firm's Vendor, Exposing Some User Details

A hacker stole customer information from crypto data firm Nansen by breaching a third-party vendor, exposing the personal information of 6.8% of users, including email addresses, password hashes, and blockchain addresses.

9/25/2023

Mixin Network Suffers $200M Hack Due to Centralized Database Vulnerability

Mixin Network has been hacked for approximately $200 million, resulting in the loss of some assets on the mainnet, as confirmed by the blockchain security consultancy SlowMist, highlighting the vulnerability of relying on a centralized database.

10/2/2023

Crypto Exploits Cost Nearly $330M in September; Mixin Network Attack Accounts for Over Half

The Mixin Network cross-chain protocol accounted for almost two-thirds of the $329.8 million in crypto stolen in September, making it the worst month of 2023 for crypto-related exploits.

10/7/2023

Hacker Steals $200,000 from Web3 Platform Galxe in DNS Attack

Summary: A hacker attacked Galxe, a web3 platform, and reportedly stole around $200,000, causing the project's website to go down temporarily.